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As Japan Stocks Stabilize, BOJ's ETF Buying Is at Lowest Since 2016

  • Reduction in buying isn’t stealth taper: Sumitomo Mitsui Asset
  • Purchases may increase if markets turn volatile, MUFJ-MS says
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The Bank of Japan may be paring purchases of exchange-traded funds to take advantage of the stock market’s stability.

On each of the four days that it conducted operations this month, the BOJ bought 70.2 billion yen ($631 million) of regular ETFs tracking Japanese shares. That was the lowest daily amount since the central bank doubled its annual buying target in July 2016.