B · Normal
[BoJ accelerates selling of ETFs, Japanese stocks react muted] On October 30th, in the face of the Bank of Japan’s unexpected move to accelerate the selling of its huge ETF holdings, the Japanese stock market reacted mutedly, indicating that investors believe that the market has the ability to absorb these additional supplies. The Bank of Japan said on Friday that it will nearly triple the pace of ETF sales from January next year to about 860 billion yen (about 5.5 billion U.S. dollars) per year. Affected by the selling wave of global technology stocks, the Nikkei 225 index was under pressure in early trading, and the decline narrowed slightly in the afternoon.
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