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Losses on securitized financial products held by commercial banks and credit associations totaled ¥3.302 trillion at the end of March, an increase of ¥64 billion from three months earlier, the Financial Services Agency said.

The total breaks down into realized losses of ¥2.535 trillion, including impairments and losses on sale, and valuation losses worth ¥767 billion, the FSA said Tuesday.

The total value of securitized products owned by the deposit-handling institutions decreased ¥925 billion to ¥18.483 trillion as they booked impairments following sharp price falls.

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