July 25, 2018 / 10:06 PM / 4 months ago

BOJ to mull changing composition of ETF buying next week - Nikkei

TOKYO, July 26 (Reuters) - The Bank of Japan will consider at next week’s rate review changing the composition of exchange-traded funds (ETF) it buys as part of is massive stimulus programme, the Nikkei newspaper reported on Thursday.

The central bank currently buys 6 trillion yen ($54.08 billion) worth of ETFs per year, of which around 1.5 trillion yen is spent on ETFs linked to the Nikkei stock average and roughly 4 trillion yen on those linked to the Topix index.

The BOJ will change that composition and increase the amount of purchases for Topix-linked ETFs, and decrease buying of Nikkei-linked ETFs, the Nikkei reported without citing sources.

The total amount of purchase will remain unchanged for now, it said.

$1 = 110.9500 yen Reporting by Leika Kihara; Editing by Sandra Maler

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below