THE WIRE · № 74535
BREAKING: The Bank of Japan's total assets declined -$98 billion in Q3 2026, to $3.95 trillion, the lowest since Q1 2020. Since the Q1 2024 peak, the BoJ has reduced its balance sheet by -$828 billion, or -17.4%. As a result, the BoJ's Asset-to-GDP ratio has fallen -28 percenta
01 THE MACHINE READ
WHY IT MATTERS.
BoJ balance-sheet shrinkage reduces global liquidity and pressures JGB yields, spilling into global rates.
BoJ shrinking balance sheet tightens global liquidity
Next BoJ policy meeting or JGB auction
Yield spike could force BoJ to reverse
FULL DISPATCH
BREAKING: The Bank of Japan's total assets declined -$98 billion in Q3 2026, to $3.95 trillion, the lowest since Q1 2020. Since the Q1 2024 peak, the BoJ has reduced its balance sheet by -$828 billion, or -17.4%. As a result, the BoJ's Asset-to-GDP ratio has fallen -28 percentage points over this period, to 94%, the lowest since 2018. Furthermore, Japanese government bond holdings fell -$90 billion in Q3, to $3.19 trillion, the lowest since Q1 2020. Since the 2023 peak, JGB holdings have dropped -$556 billion, or -14.9%. The BoJ also sold -$568 million in equity ETFs and J-REITs last quarter, bringing its holdings down to $233 billion, the lowest since Q3 2021. The Bank of Japan continues to unwind its balance sheet.
02 THE STORY SO FAR
THE RECORD, IN ORDER.
STANDALONE ITEM — NOT YET FOLDED INTO A DEVELOPING STORY.
03 WHO'S INVOLVED
ENTITIES ON FILE.
04 RECEIPTS
THE SOURCE RECORD.
1 SOURCES CONFIRMED05 PROPAGATION
WHAT THIS TOUCHES.
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Bank of Japan Weighs Second Rate Hike as Yen Carry Trade Unwinds2026-10-09 16:03 UTC
KEEP READING THE MACHINE
Summaries are generated and may contain errors — every claim links its sources.