- BoJ’s Ueda: Possible to end BoJ’s ETF buying on no concern over risk of sharp rise in risk premia
Market news
8 November 2023
BoJ’s Ueda: Possible to end BoJ’s ETF buying on no concern over risk of sharp rise in risk premia
Bank of Japan (BoJ) Governor Kazuo Ueda is back on the wires on Wednesday, commenting on the central bank’s exchange-traded funds (ETFs) buying to stabilize the market.
Additional quotes
The fact BoJ stands ready to step in to buy ETF in times of market turbulence may be underpinning recent stock prices.
BoJ estimates show latent profits from its ETFs holdings stood around JPY24 trln as of August this year.
It may be possible to end BoJ’s ETF buying when there's no concern over the risk of sharp rise in risk premia.
Market reaction
USD/JPY was last seen trading at 150.52, still up 0.14% on the day.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page