Bank of Japan (BOJ) owned 77.5 percent of Japan’s total exchange-traded fund (ETF) market at the end of September, according to a Senior BOJ official.
Notably, its holdings are set to rise further as BOJ governor Kuroda, while speaking in parliament earlier today, said that there is no evidence of BOJ’s ETF buying distorting markets and that time is not ripe yet to unwinding its massive its stimulus program.
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