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BOJ's REITs purchase to exceed previous estimate: paper

From reuters.com

The Bank of Japan will likely expand its purchase of Japanese real estate investment trusts (J-REITs) beyond its buying scheme announced earlier this year as part of the central bank's hyper easing steps, the Nikkei business daily said on Saturday. The BOJ said in April that it would boost the balance of its J-REITs holding by 30 billion yen ($317.18 million) a year, and forecast 140 billion yen in holding for the end of 2013. The central bank's aggressive buying, however, has already boosted the balance of its J-REITs holding closer to the 140 billion yen level, triggering a decline in the J-REITs market amid ... (full story)

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