We are really in the matrix now.
The BOJ is the only major CB that buys stock funds (officially anyway) as part of monetary easing to achieve an inflation target. They are considering ditching this policy!
Not bonds. I mean, they aren't THAT crazy.
👊t.co/HCC6bBXoPz— Samantha LaDuc (@SamanthaLaDuc) March 13, 2024
Bank of Japan officials are considering scrapping the buying of exchange-traded funds, a measure introduced in 2010, provided the central bank’s inflation target comes into sight, according to people familiar with the matter.
The officials see little need to keep buying ETFs to limit risk premiums in a market that recently hit a record high, according to the people.
www.bloomberg.com/news/articles/2024-03-13/boj-is-said-to-mull-axing-etf-buys-continuing-bond-purchases