Umm , well, yeah. Anyway, Nikkei reports:
Bank of Japan has bought a record 6 trillion yen ($52.9 billion) in exchange-traded funds so far this year
- surpassing the previous annual high of 5.9 trillion yen, set in 2017
Nikkei add this:
- But the central bank's dominating presence in the market also means that unloading its holdings, whenever it might try to do so, would be challenging.
Well, yeah.
More:
- "We feel comfortable buying Japanese shares because they're propped up by the BOJ," said an executive at a European asset management company.
I like this guy, trader attitude!