Economics
BOJ Becomes Biggest Japan Stock Owner With $434 Billion Hoard
- BOJ passes GPIF on big monthly plus stock gains: NLI Research
- Market ‘feels distorted’ on combined presence: Fukoku Capital
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The Bank of Japan has taken over as the biggest owner of the nation’s stocks, with the total value of its holdings climbing well above $400 billion.
Massive exchange-traded fund purchases by the BOJ to support the market amid the pandemic this year combined with subsequent valuation gains pushed its Japanese equity portfolio to 45.1 trillion yen ($434 billion) in November, according to estimates by Shingo Ide, chief equity strategist at NLI Research Institute.