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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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 as the Nikkei 225 Stock Average boasts a 15-day winning streak, the longest run in history.
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