Bank of Japan May Have a New Pattern for When It Buys Stocks
Outside the Bank of Japan headquarters in Tokyo, Japan.
Photographer: Akio Kon/BloombergThis article is for subscribers only.
The Bank of Japan may have adopted a new standard in deciding when to support stocks, according to Seiichi Suzuki, a market analyst at Tokai Tokyo Research Institute Co.
While market consensus has it that the BOJ purchases ETFs when the Topix index falls at least 0.5% during the morning session, recent buying patterns have changed, Suzuki said.