The Bank of Japan racked up the most unrealized losses on its bond holdings on record in the latest six-month period, illustrating the challenge facing Governor Kazuo Ueda if he moves toward normalizing policy. The paper loss on those assets was ¥10.5 trillion ($70.7 billion) at the end of September, the largest loss in data going back to fiscal 2004, according to the central bank’s semi-annual financial statement Tuesday. It’s more than six times bigger than the ¥157 billion loss tallied for last fiscal year. The loss itself isn’t likely to deter Ueda from paring back stimulus if the bank’s inflation goal is ... (full story)