Sep
04
BlackRock Sees ‘Silver Lining’ When Bank of Japan Tapers ETFs
By-
Miller says the move may be seen as a sign of confidence
- Head of iShares in Japan says program has had intended effect
Some investors are worried about the market impact when the Bank of Japan decides to wind back an extraordinary years-long program of support for the country’s stock market, but the world’s largest money manager sees less reason for concern.
There will probably be some initial volatility for equities when the BOJ announces a slowdown in purchases of exchange-traded funds, according to the head of BlackRock Inc.’s iShares business in Tokyo. But the move may then be interpreted as a sign of confidence in the economy and market, he said…
BlackRock Sees ‘Silver Lining’ When Bank of Japan Tapers ETFs
