{"id":51724,"date":"2020-03-10T18:58:46","date_gmt":"2020-03-10T23:58:46","guid":{"rendered":"https:\/\/olduvai.ca\/?p=51724"},"modified":"2020-03-10T18:58:48","modified_gmt":"2020-03-10T23:58:48","slug":"bank-of-japan-buys-record-amount-of-etfs-admits-paper-losses-plans-program-expansion","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=51724","title":{"rendered":"Bank Of Japan Buys Record Amount Of ETFs, Admits &#8216;Paper Losses&#8217;, Plans Program Expansion"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.zerohedge.com\/economics\/bank-japan-buys-record-amount-etfs-admits-paper-losses-plans-program-expansion\">Bank Of Japan Buys Record Amount Of ETFs, Admits &#8216;Paper Losses&#8217;, Plans Program Expansion<\/a><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Having blown over two trillion yen since October in purchasing stocks (ETFs) in the open market to &#8220;support Japan&#8217;s economy,&#8221; markets are rife with speculation the Band of Japan (BoJ) could&nbsp;<strong>pledge next week to buy ETFs at a faster pace than the current commitment to do so by roughly 6 trillion yen ($58.12 billion) per year<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/BN-EJ835_Kuroda_P_20140904085925.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/BN-EJ835_Kuroda_P_20140904085925.jpg?itok=wWriOg1r\"><\/a>Following pressure from Japanese Prime Minister Shinzo Abe,<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201c<strong>Markets are making nervous movements amid uncertainty<\/strong>&nbsp;over the global economic outlook. Based on agreements made among G7 and G20 nations,&nbsp;<strong>the government will work closely with the BOJ and authorities of other countries to respond appropriately,<\/strong>\u201d Abe said in a meeting with ruling party executives on Tuesday.<\/p><\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.reuters.com\/article\/us-japan-economy-boj-idUSKBN20X06B?taid=5e6740e605296a0001046591&amp;utm_campaign=trueAnthem:+Trending+Content&amp;utm_medium=trueAnthem&amp;utm_source=twitter\">Reuters&nbsp;&nbsp;<\/a>reports that&nbsp;<strong>such a step is among options the central bank may consider if it approaches the ceiling as a result of aggressive purchases<\/strong>, according to sources familiar with the BOJ\u2019s thinking.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/2020-03-10%20%281%29.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">In a somewhat surprising moment of transparency for the Japanese central bank, BOJ Governor Haruhiko Kuroda told parliament the&nbsp;<strong>BoJ had bought a cumulative 2.04 trillion yen worth of ETFs since October last year<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/bfmDDF1.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/bfmDDF1.jpg?itok=Ar4pfIC-\"><\/a>Kuroda also revealed the BoJ&#8217;s own estimate showed its holdings of ETFs\u00a0<strong>may incur paper losses once Tokyo&#8217;s Nikkei stock average falls below 19,000 &#8211; 19,500<\/strong>. The Nikkei stood around 19,665 on Tuesday after briefly slipping below 19,000 in morning trade.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bank Of Japan Buys Record Amount Of ETFs, Admits &#8216;Paper Losses&#8217;, Plans Program Expansion Having blown over two trillion yen since October in purchasing stocks (ETFs) in the open market to &#8220;support Japan&#8217;s economy,&#8221; markets are rife with speculation the Band of Japan (BoJ) could&nbsp;pledge next week to buy ETFs at a faster pace than [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[57,85,8258,8259,2189,4318],"class_list":["post-51724","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bank-of-japan","tag-boj","tag-etfs","tag-exchange-traded-funds","tag-shinzo-abe","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51724"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51724\/revisions"}],"predecessor-version":[{"id":51725,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51724\/revisions\/51725"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}