Bank of Japan's total assets surpass country's GDP for first time: Data

Bank of Japan's total assets surpass country's GDP for first time: Data
(Image Credit: Pixabay)
  • Country:
  • Japan

The Bank of Japan's total assets rose to 553.6 trillion yen ($4.87 trillion), central bank data showed on Tuesday, surpassing the country's gross domestic product for the first time.

Japan's nominal GDP for the April-June quarter was an annualised 552.8 trillion yen, government data showed earlier this year. Estimates for the July-September quarter are due to be released on Wednesday.

($1 = 113.67 yen)

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