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UPDATE 1-BOJ's balance sheet reaches 500 trillion yen, about to overtake Fed [Reuters]

MIZUHO FINANCIAL GROUP (MFG)  More Company Research Source: Reuters
US:NYSE Investor Relations: mizuho-fg.com/investors/index.html
PDF A Japanese flag flutters atop the Bank of Japan building in Tokyo, Japan, September 21, 2016. REUTERS/Toru Hanai/File Photo By Hideyuki Sano | TOKYO TOKYO The Bank of Japan hit a new milestone as its balance sheet topped 500 trillion yen ($4.48 trillion), roughly the same size as that of the Federal Reserve, having more than tripled since it started aggressive stimulus in 2013. But while the central bank reached a major milestone in money printing, it is nowhere near achieving the ultimate goal of its policy, to lift inflation to 2 percent, highlighting the difficulty the BOJ is facing as the pace of its bond buying appears unsustainable. Data from the BOJ showed its total assets rose to 500.8 trillion yen at the end of May, compared to 425.7 trillion yen a year earlier. It was 164.8 trillion yen when Governor Haruhiko Kuroda took the helm [Read more]

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