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BOJ sits tight amid record Japan stock rally

Central bank, which props up equity market by investing in ETFs, has dramatically cut its buying in Oct; move comes as Nikkei 225 Stock Average boasts a 15-day winning streak

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The BOJ aims to buy so that its holdings of ETFs increase by about six trillion yen a year, and has tended to purchase on days stocks fell in the morning session. But that's been rare this month.

Tokyo

JAPANESE stocks' record rally is so powerful that one of their most prominent buyers is sitting on the sidelines.

The Bank of Japan (BOJ), which props up the equity market by investing in exchange-traded funds (ETFs), has dramatically reduced its buying in October. That comes...

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