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Bank of Japan Beats Fed, ECB in Gulping Assets: Chart of the Day

The Bank of Japan’s asset purchases are soaring as Governor Haruhiko Kuroda tries to reflate the world’s third-biggest economy.

The CHART OF THE DAY shows balance sheets of major central banks compared to the size of their economies. The BOJ’s assets swelled to 57 percent of Japan’s gross domestic product at the end of September, up from 34 percent when Kuroda introduced stimulus in April 2013 and more than double the comparable 25 percent for the U.S. Federal Reserve. The European Central Bank’s assets, by contrast, shrank from a peak of nearly 32 percent of GDP in mid-2012 to 20 percent.