Aug
12
BOJ’s ‘Stealth Tapering’ Expected to Spread to Equities Buying
By-
Central bank’s new ‘flexibility’ seen signaling slower buying
- The BOJ purchased 5.9 trillion yen of ETF shares last year
The Bank of Japan has scooped up so many shares of the nation’s exchange-traded funds that it effectively owns a controlling stake in the market. Now investors are considering a future in which it buys less.
BOJ watchers expect the central bank to slowly cut its ETF purchases, now targeted at 6 trillion yen ($54 billion) annually, in what could be viewed as an expansion of its stealth tapering. The BOJ’s bond buying has already fallen to nearly half of its targeted pace…
BOJ’s ‘Stealth Tapering’ Expected to Spread to Equities Buying
