Home Tapering? BOJ’s ETF purchases hits lowest since 2016
FXStreet News

Tapering? BOJ’s ETF purchases hits lowest since 2016

The Bank of Japan (BOJ) seems to have trimmed purchases of exchange-traded funds (ETF) amid stock market stability.  

On each of the four days that it conducted operations this month, the BOJ bought 70.2 billion yen ($631 million) of regular ETFs tracking Japanese shares, according to Bloomberg Quint. That is the lowest daily amount since the central bank doubled its annual buying target in July 2016.

The cut in ETF purchases does not necessarily mean the central bank is tapering its ETF buying program. The BOJ has said that it may increase or decrease purchases depending on market conditions.

Further, calls for additional stimulus are increasing amid global growth slowdown.  

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.