BOJ's ETF and Reit buys not distorting markets: Kuroda
Tokyo
BANK of Japan chief Haruhiko Kuroda fended off criticism on Tuesday that the central bank has distorted markets with its purchases of exchange-traded funds and Japanese real estate investment trusts.
The amount of ETFs and J-Reits that the BOJ buys as part of its stimulus programme is "extremely small" compared to the size of those markets, Mr Kuroda said in parliament. The central bank isn't trying to boost stock prices but instead aims to revive the overall markets by lowering risk premiums, he…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
UK wage growth and services inflation too high for rate cut, BOE’s Greene says
US to reduce licensing by 80% for UK, Australia to boost Aukus
IMF tells Asian central banks not to follow Fed too closely
UN chief warns Mideast on brink of 'full-scale regional conflict'
IMF boss says ‘all eyes’ on US amid risks to global economy
UK financial sector seeks stronger accountability of regulators