BOJ ‘Absolutely Certain’ to Stop Buying Nikkei ETFs, CLSA Says

  • Central bank to switch purchases to Topix, JPX-400, Smith says
  • Focus on price-weighted Nikkei 225 ETFs seen distorting market

Nicholas Smith of CLSA Ltd. says he’s “absolutely certain” the Bank of Japan will stop buying exchange-traded funds tracking the Nikkei 225 Stock Average amid criticism its use of the measure is distorting the market.

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