BREAKING: The total assets of the Bank of Japan (BoJ) have decreased by $98 billion in Q1 2026, down to $4.14 trillion, the lowest level since Q2 2020.

Since the peak in Q1 2024, BoJ has reduced its balance sheet size by $590 billion, or -12.6%.
The amount of Japanese government bonds held has decreased by $84 billion in Q1, the largest quarterly decline since the start of QT.
This brings the Japanese government bond holdings down to $3.32 trillion, matching the level of Q3 2020.
Since the peak in 2023, Japanese government bond holdings have fallen by $384 billion, or -10.4%.
BoJ also began selling off stock ETFs and J-REITs in January, a significant shift after years of heavy buying to support the market.
The Bank of Japan is increasing pressure on the bond market.