BOJ Members Said ETF Buys Could Boost Sentiment, Minutes Show
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Bank of Japan board members said purchases of exchange-traded funds and real-estate investment trusts could increase transactions by supporting investor sentiment, minutes of the bank’s Oct. 4-5 board meeting show.
“Some members said that while the amount of purchases might be small, the bank’s purchase would produce positive effects as a catalyst in promoting more active transactions in their markets and more risk-taking activity in the overall economy,” according to minutes published today in Tokyo.