Note 1-52

(52) The Bank of Japan purchased Japanese government bonds of about 160 trillion yen from March 2001 to June 2003 (the balance is about 30 trillion yen higher due to redemption, etc.). The breakdown is long-term government bonds of approx. 25 trillion yen and short-term government bonds of approx. 135 trillion yen (the balance of long-term government bonds is approx. 14 trillion yen higher and the balance of short-term government bonds is approx. 16 trillion yen higher).