Bank of Japan : Total Assets for Japan as of August 2023

As you can see, the assets of the BOJ have been increasing in recent months. This is due to the BOJ's aggressive quantitative easing (QE) program, which has been implemented in an effort to stimulate the Japanese economy. Under QE, the BOJ has been buying large amounts of Japanese government bonds and other assets, which has increased the amount of money in circulation. This has led to a decline in interest rates and has made it easier for businesses and consumers to borrow money.

The total assets of the BOJ are currently at 748.53 trillion yen, which is equivalent to about $6.5 trillion USD. This makes the BOJ the world's largest central bank by total assets.

It is important to note that the assets of the BOJ do not represent the amount of money that the BOJ has in circulation. The BOJ also has a large amount of liabilities, such as the Japanese government bonds that it has purchased. The difference between the assets and liabilities of the BOJ is known as the monetary base. The monetary base is the amount of money that is available to the public and to businesses.

The increase in the assets of the BOJ has been controversial. Some economists argue that QE has been effective in stimulating the Japanese economy, while others argue that it has led to asset bubbles and other problems. The BOJ is likely to continue its QE program for the foreseeable future, as it believes that this is the best way to achieve its goal of achieving 2% inflation