From the Nikkei overnight …:
- BOJ has stepped up purchases of exchange-traded funds to bring its equities portfolio to an estimated 7 trillion yen ($63.6 billion) or so
- The bank bought 123.6 billion yen worth of ETFs in August, the largest monthly tally so far this year.
- At one point, it snapped up ETFs in six straight sessions amid weak stock prices
- The BOJ tends to make 10 billion yen to 20 billion yen worth of purchases when stock prices fall in the morning. The bank has not made any purchases so far in September because the market has been rallying.
More at the article
