BOJ’s First ETF-Free Month Under Kuroda Wins Over Some Investors
- BOJ bought no ETFs for the month of May, a first under Kuroda
- Some say market will be healthier without central bank buying
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Some investors are cheering the Bank of Japan’s withdrawal from the stock market, even as they brace for more volatility.
Japan’s central bank didn’t buy any exchange-traded funds for an entire month of May, the first time since Governor Haruhiko Kuroda kicked off his easing campaign in 2013. That’s prompting some in the market to believe the BOJ is getting serious in pulling back from such purchases.