BoJ's balance sheet surpasses that of the Fed

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BoJ's balance sheet exceeds ¥500 trillion, on a par with the size of that of the Federal Reserve

The Bank of Japan’s (BoJ) balance sheet topped ¥500 trillion as of the end of May, hitting a new milestone and surpassing the total assets of the Federal Reserve.

On May 31, the assets of the BoJ rose to ¥500.8 trillion ($4.53 trillion), compared with ¥425.7 trillion a year earlier. The total assets held by the Fed were $4.46 trillion on May 29, while the size of the European Central Bank's (ECB) balance sheet was €4.2 trillion ($4.69 trillion) as at May 26.

The BoJ's balance sheet accounts fo