MORE: BOJ Delays Selling of Stocks From Banks by 2 Years to 2016

Board members made decision to postpone sales of shares held in financial institutions to end-March 2016 from end-March 2014, according to a statement on the central bank’s website. * BOJ extends deadline for sale completion by same duration to end-Sept. 2021 from end-Sept. 2019: Statement * Decision made in view of recent developments in overseas and domestic financial markets: Statement * “The BOJ can’t shrink its balance sheet by selling stocks when they pledged to expand it until the 2 percent inflation target is met. It would be counterintuitive”: Shuichi Obata, senior economist at Nomura Securities Co. in Tokyo. * “The BOJ doesn’t want to give the impression they are doing something against the stock market”: Obata

To contact the reporter on this story: Toru Fujioka in Tokyo at tfujioka1@bloomberg.net

To contact the editor responsible for this story: Paul Panckhurst at ppanckhurst@bloomberg.net

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