Bank of Japan Accounts (March 31, 2012)

April 6, 2012
Bank of Japan

thousand yen

Assets

Liabilities and Net Assets

Gold	441,253,409
Cash³	358,139,466
Japanese government securities	87,247,192,944
Commercial paper⁴	1,594,876,498
Corporate bonds⁵	1,990,643,768
Pecuniary trusts (stocks held as trust property)⁶	1,469,445,756
Pecuniary trusts (index-linked exchange-traded funds held as trust property)⁷	847,854,505
Pecuniary trusts (Japan real estate investment trusts held as trust property)⁸	72,751,330
Loans (excluding those to the Deposit Insurance Corporation)	38,995,460,000
Foreign currency assets⁹	6,020,577,155
Deposits with agents¹⁰	32,401,238
Others	577,569,252
Total	139,648,165,326

Banknotes	80,842,816,101
Current deposits	34,432,345,287
Other deposits¹¹	1,464,014,586
Deposits of the government	1,832,410,092
Payables under repurchase agreements	14,397,136,807
Others¹²	756,710,909
Provisions	3,236,447,900
Capital	100,000
Legal and special reserves	2,686,183,641
Total	139,648,165,326

¹	The Bank's total assets outstanding at the end of March 2012 is 139.6 trillion yen, with an approximate decrease of 2.7 trillion yen from the corresponding balance of 142.4 trillion yen at the end of March 2011 (the rate of decrease is 1.9%).
²	Main reasons for year-on-year changes in major items:

Assets	Year-on-Year Differences (Rate of Changes)
Japanese government securities	+9.9trillion yen (+12.9%) The increase reflects the Bank's outright purchases of JGBs including those through the Asset Purchase Program.
Loans (excluding those to the Deposit Insurance Corporation)	-17.1trillion yen (-30.5%) The decrease reflects the abatement of an increase in the amount due to the ample provision of funds in response to the Great East Japan Earthquake during the previous fiscal year.

Liabilities	Year-on-Year Differences (Rate of Changes)
Current deposits	-6.3trillion yen (-15.5%) The decrease reflects the abatement of an increase in the amount due to the ample provision of funds in response to the Great East Japan Earthquake during the previous fiscal year.

³	Coins reserved for circulation.
⁴	Comprises the following types, in dematerialized or physical form: (1) commercial paper issued by domestic corporations; (2) commercial paper issued by foreign corporations with guarantees (dematerialized only); (3) asset-backed commercial paper; and (4) commercial paper issued by real estate investment corporations.
⁵	Includes bonds issued by real estate investment corporations.
⁶	Stocks purchased from financial institutions through a trust bank.
⁷	Beneficiary interests in index-linked exchange-traded funds purchased through a trust bank.
⁸	Investment equity issued by real estate investment corporations purchased through a trust bank.
⁹	Includes foreign currency deposits held at foreign central banks and the Bank for International Settlements, securities issued by foreign governments, foreign currency mutual funds, foreign currency pecuniary trusts, and loans by US dollar funds-supplying operations against pooled collateral.
¹⁰	Deposits held at agents that conduct operations relating to treasury funds and Japanese government securities on behalf of the Bank of Japan. These deposits are reserved for such operations.
¹¹	Deposits held by foreign central banks and others.
¹²	Includes miscellaneous liabilities and current income (net accumulated profits). For reports from April to around mid-May, net income for the previous fiscal year before appropriation is also included.

(Annex Table 1)

Breakdown of Japanese government securities^*

(thousand yen)
Japanese government bonds	64,372,399,858
Treasury discount bills	13,106,446,753

^*	Excludes the amounts of Japanese government bonds and Treasury discount bills shown in Annex Table 2. "Japanese government securities" shown as Assets is the sum of "Japanese government bonds" shown in Annex Table 1 and Annex Table 2 and "Treasury discount bills" shown in Annex Table 1 and Annex Table 2."

(Annex Table 2)

Asset Purchase Program
The table below represents the asset item amounts outstanding under the Bank's Asset Purchase Program.

(thousand yen)
Japanese government bonds^1 Treasury discount bills^1 Commercial paper Corporate bonds Index-linked exchange-traded funds Japan real estate investment trusts Funds-Supplying Operations against Pooled Collateral^*2	6,314,247,481 3,454,098,850 1,594,876,498 1,990,643,768 847,854,505 72,751,330 34,602,400,000
Total	48,876,872,435

^*1	The figure is included in "Japanese government securities" as Assets. "Japanese government securities" shown as Assets is the sum of "Japanese government bonds" shown in Annex Table 1 and Annex Table 2 and "Treasury discount bills" shown in Annex Table 1 and Annex Table 2.
^*2	The figure is included in "Loans" as Assets.

(Annex Table 3)

(thousand yen)
Loans by Funds-Supplying Operations against Pooled Collateral (excluding Funds-Supplying Operations against Pooled Collateral shown in Annex Table 2) and Funds-Supplying Operations to Support Financial Institutions in Disaster Areas and Fund-Provisioning Measure to Support Strengthening the Foundations for Economic Growth	4,366,060,000