The Bank of Japan is on track to record the smallest amount of local stock purchases this year, much lower than last year’s record seen during the peak of the pandemic, according to data compiled by Bloomberg.
“The BOJ bought a total of 873.4 billion yen ($ 7.6 billion) in exchange-traded funds through December 27.”
“That’s a fraction of the 7.1 trillion yen it bought last year to support the market and would be the smallest annual purchase since 2012.”
“Investors are likely to turn their attention to what the BOJ will do with the 50 trillion yen of ETFs it has accumulated over the years.”
USD / JPY is trading at 114.75, retreating from the five-week high of 114.94 previously reached in Asian trading.
The pair is down 0.07% on the day.