BOJ report shows Japan banks slashing JGB holdings, take on more risk

April 22, 2015 9:27 AM

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TOKYO, April 22 (Reuters) - Japanese banks made deep cuts in its bond holdings and spent double that amount boosting loans and securities investment, a Bank of Japan report showed, a sign the central bank's aggressive bond buying is nudging them into taking on more risk.

Since the central bank deployed its stimulus programme two years ago, domestic financial institutions saw their balance sheet expand by 124 trillion yen ($1.04 trillion) of which 89 trillion yen were in cash and deposits, the BOJ's semi-annual report on Japan's financial system showed on Wednesday.

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