Japan central bank’s total assets exceed country’s GDP: data

Japan central bank's total assets exceed country's GDP: data
FILE PHOTO - A traffic sign is seen in front of the Bank of Japan building in Tokyo, Japan January 15, 2018. REUTERS/Kim Kyung-Hoon

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 annualized 552.8 trillion yen, government data showed earlier this year.

Estimates for the July-September quarter are due to be released on Wednesday.

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