Bank of Japan's Net Income Rose in the First Half of Fiscal 2018
Net income of the Japan’s central bank increased in the first half of fiscal 2018 amid gains from the Bank of Japan’s holding of exchange-traded funds. In the first half of the fiscal year, holdings of exchange-traded funds (ETFs), which are linked to the stock market, rose 37% from a year earlier to 21.7 trillion yen.
The Bank of Japan reported, that its net income for the fiscal half year ended in September was at 827.9 billion yen ($7.27 billion), up 50% from 550.2 billion yen in the same period a year earlier. The Bank of Japan’s capital adequacy ratio was 8.30% at the end of the first half of fiscal 2018, compared with 8.12% a year earlier. The BoJ considers a capital adequacy ratio of 8% adequate for maintaining financial soundness.
It was also reported, that the central bank’s holdings of government debt in the first half of fiscal 2018 rose by 6% from the same period a year earlier to reach 462.1 trillion yen.