fxstreet.com 27 Jan, 2021 05:00 am

Central bank’s ETF buying aimed at supporting economy

Central bank’s ETF buying aimed at supporting economy
The Bank of Japan’s (BOJ) ETF buying may have helped push up stock prices, but the move, as well as our monetary easing steps, are aimed at supporting

The Bank of Japan’s (BOJ) ETF buying may have helped push up stock prices, but the move, as well as our monetary easing steps, are aimed at supporting the economy, the central bank Governor Haruhiko Kuroda said on Wednesday.Additional comments Frequency, size of BOJ’s ETF buying have recently fallen quite a bit.Don't think BOJ’s ETF buying is distorting Japan’s stock market.BOJ is buying ETF as part of comprehensive package to support economy, prices.

No plan now to end BOJ’s stimulus programmes, including its ETF buying.Latent profits on BOJ’s ETF holdings currently stands around 12-13 trillion yen.

Read full story at fxstreet.com