Moneycontrol Be a Pro
Get App
you are here: HomeNewsWorld
Last Updated : May 21, 2019 08:16 AM IST | Source: Reuters

BoJ's ETF buying not aimed at propping up stock prices: Haruhiko Kuroda

"The BOJ's ETF buying may have some effect in restraining big fluctuations in stock prices," Kuroda told parliament.


Bank of Japan Governor Haruhiko Kuroda said on Tuesday the central bank's purchases of exchange-traded funds (ETFs) were not directly aimed at propping up stock prices.

"The BOJ's ETF buying may have some effect in restraining big fluctuations in stock prices," Kuroda told parliament.

"But our purchases aren't aimed at pushing up stock prices. Even if our buying were to have some effect in boosting stocks, any such impact would be limited," he added.

Close
The BOJ buys government bonds and risky assets, such as ETFs, to pump money into the economy as part of its efforts to achieve its elusive 2 percent inflation target.

The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on May 21, 2019 08:04 am
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant