Adding these values together, the total amount of the Bank’s holdings was approximately 73 trillion yen at the end of April 2012, is expected to total 92 trillion yen at the end of this year, thereby exceeding the amount of banknotes in circulation, and reach 97 trillion yen at the end of June next year (Chart 7).
The counterpart of the current account deficit is low savings generated here at home; in the past year, household saving out of current income fell to the unusually low level of about 1 percent.