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.
Reprinted from FXStreet_id，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.