They Could Even Buy Ketchup: Investors See No Limit to BOJ Tools
- Central bank seen buying anything from mortgages to property
- `We want some Kuroda magic,' Ibayashi of UBS Japan says
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Japan stock investors, who’ve had next to nothing to cheer about in 2016, are looking for a little creativity from a familiar ally.
Asset managers and analysts, caught out by Governor Haruhiko Kuroda at least twice before, aren’t ruling anything out when the Bank of Japan decides on monetary policy this week. The bank could buy assets from housing loans to actual real estate to stimulate the market, they say, as a rout in oil prices thwarts inflation and helped send shares to their worst start on record. Daiwa Securities Group Inc. says the BOJ has plenty of dry powder.