Will the BOJ Boost its ETF Purchases This Week?
They may not realize it yet, but Japan Inc.’s executives are increasingly working for a shareholder unlike any other: the nation’s money-printing central bank. While the Bank of Japan’s name is nowhere to be found in regulatory filings on major stock investors, the monetary authority’s exchange-traded fund purchases have made it a top 10 shareholder in about 90 percent of the Nikkei 225 Stock Average. With the Nikkei 225 down 8.4 percent this year and inflation well below official targets, a majority of analysts surveyed by Bloomberg predict the BOJ will boost its ETF buying -- a move that could come as soon as Thursday. Bloomberg’s Yuji Nakamura reports and HSBC Senior FX Strategist Dominic Bunning discusses with Bloomberg’s Anna Edwards on “Countdown.”
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