Kuroda's ETF experiment has failed, says long-time Japan optimist

Tokyo

HARUHIKO Kuroda's attempt to engineer change at Japan Inc using exchange-traded funds (ETFs) just isn't working, says Jesper Koll, a perennial optimist on the country's economy.

The Bank of Japan (BOJ) is spending 300 billion yen (S$3.7 billion) a year on ETFs tracking companies that invest in their businesses and staff, seeking to get executives to do just that.