This is what they're reading in Japan in the Nikkei this morning
- Bank of Japan nearly doubles ETF holdings in one year
- The Bank buys exchange-traded funds as part of its monetary easing policy
- The balance is 15.93 trillion yen (as of March 31)
An 80% rise from a year ago
Says the paper:
- The bank apparently buys frequently on days when the stock market dips in the morning, serving to stabilize share prices.
I guess I'll be filing this under 'What could possibly go wrong?'