BOJ purchases over 100 billion ETFs Aims to curb market turmoil March 6 19:35
In order to curb the financial market turmoil caused by the spread of the new coronavirus, the Bank of Japan announced on June 6 that it has purchased more than ¥ 100 billion in ETFs, a listed exchange fund, which will be made up of a large number of stocks.
The Bank of Japan announced the statement of Governor Kuroda this month and announced that it would supply ample funds to the markets to curb the volatility in the financial markets.
Based on this statement, the Bank of Japan announced on June 6 that it had bought over ¥ 100 billion in ETFs (Listed Investment Trusts) from the market. The purchase price will be the largest ever since 2nd of this month.
Market officials say that although the BOJ's purchases had had some effect, the closing price of the Nikkei Stock Average has dropped to its lowest level. Investors' concerns about the future are persistent.