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RegisterThe index reflects the amount of assets (liabilities) of the Bank of Japan at current prices, not seasonally adjusted. Since 2001, the Bank of Japan has embarked on a quantitative easing policy, i.e. buying securities into your portfolio. The program was suspended and started again. Since 2012, the buyback program has become almost permanent, as can be seen from the dynamics of the balance sheet. The latter was launched in March 2020. Information about the securities of the Bank of Japan in its portfolio is available on the page https://cbonds.com/company/145023/