Bank of Japan ETFs largest ever, stock prices drop record, March 9 at 19:54
The Bank of Japan announced on September 9 that it has purchased more than 100 billion yen in ETFs, the largest publicly traded mutual funds in the United States, to create a large number of stocks in order to curb the financial market turmoil caused by the spread of the new coronavirus. On the other hand, the Tokyo Stock Market on the 9th has seen a record drop in stock prices, and it will be interesting to see how the Bank of Japan and others will respond in the future.
The Bank of Japan has announced that it will supply ample funds to the market on February 2 to curb financial market upsets due to the spread of the new coronavirus.
The Bank of Japan announced on October 9 that it has purchased 101.4 billion yen of ETFs based on this policy. This is the largest amount ever since the Bank of Japan purchased ETFs on the 2nd and 6th of this month.
However, the effects of large-scale purchases were limited, with the Nikkei Stock Average plummeting over 1,000 yen on the Tokyo Stock Market on the 9th.
The Bank of Japan's Governor Kuroda commented on the intensive deliberations of the Budget Committee of the House of Councilors on the 9th that `` We are striving to secure ample supply of funds and secure financial markets, but we will continue to hesitate appropriately by paying close attention to trends in domestic and overseas financial markets. We will pay attention to how the Bank of Japan and the like will respond in the future as the financial markets are turbulent.