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Will phase out Nikkei-linked ETFs and buy only TOPIX-linked ETFs from April 1

The Bank of Japan (BoJ), in a statement on Tuesday, has released additional details on its recent change in policy on exchange-traded funds (ETFs), saying that central bank to remove Nikkei-linked ETFs from its ETF purchase program.

The BoJ has said that will buy only ETFs linked to the TOPIX from April 1.

It will start buying ETFs under the new guidelines decided in the March policy review from April 1, the central bank has said.

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