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The Bank of Japan (BOJ) will continue buying ETFs as part of its ultra-loose monetary policy, Governor Haruhiko Kuroda said while speaking in parliament on Thursday.

Additional comments

“BOJ’s ETF buying is not directly aimed at propping up stock prices.”

“BOJ is buying ETF to avoid rise in risk premia from hurting household, corporate sentiment.”

“Don’t have any plan to review BOJ’s ETF buying, sell ETF to markets. “

“BOJ ETFs buying is necessary as it is taking time to achieve price goal.”