Commercial bank deposits at the Bank of Japan have hit a record high, as the central bank continues its bold monetary easing policy.
BOJ officials say the balance of current account deposits reached 101.24 trillion yen, or about 1 trillion dollars, on Thursday. It's the first time the figure has topped 100 trillion yen.The amount surged by 74 percent from the end of March.
The BOJ began a massive bond-buying program in April to boost liquidity in the market.
Source: NewsonJapan
The BOJ began a massive bond-buying program in April to boost liquidity in the market.
Source: NewsonJapan
