Therefore, on a gross basis, the amount of purchases should far exceeded 50 trillion yen, and naturally the amount of purchases on a gross basis will change depending on the amount of redemption (i.e., the amount of reinvestment).
Additional disclosures are necessary to bring meaning to these fair value estimates. FASB’s proposal takes a first step toward enhancing fair value disclosures related to the reliability of fair value estimates. I believe that additional types of disclosures should be considered to give users of financial statements a better understanding of the relative reliability of fair value estimates.