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BoJ to “Boldly” Buy ETFs

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#Japan #BoJ #bank #ETFs

Bank of Japan Governor Haruhiko Kuroda said Thursday the central bank is ready to buy ETFs (exchange-traded funds) “boldly” as necessary.

The BoJ has held off from buying ETFs this month even as Japanese share prices declined.

Mr. Kuroda said the BoJ’s purchases are not intended to prop up stock prices at a certain level, but were operational decisions based on timely market moves.

“We don’t have any automatic, set rule in buying ETFs, such as doing so when stock prices fall by a certain amount in several days,” Mr. Kuroda told Parliament.

Have a healthy weekend, Keep the Faith!

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Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.