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BOJ to review allocation of ETF buying: Nikkei
Added at 1:52pm
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USDJPY, Stocks Slide On BoJ ETF Buying Review Headline
After The Bank of Japan sparked a short-term meltdown in global bond markets earlier in the week when it shifted its curve control policy, Nikkei is reporting that Bank of Japan will discuss allocation change in next policy meeting. USDJPY and NKY Futs are down... As Nikkei reports, BOJ may purchase more ETFs tied to TOPIX and less ETFs tied to Nikkei indices. The review is intended at curbing the excessive impact in pricing of member stocks. So once again BoJ hits a wall with its market interference. As a reminder, BOJ is a Top 10 holder of over 40% of Japanese stocks!
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