BOJ to mull changing composition of ETF buying next week: Nikkei

TOKYO (Reuters) – The Bank of Japan will consider at next week’s rate review changing the composition of exchange-traded funds (ETF) it buys as part of is massive stimulus program, the Nikkei newspaper reported on Thursday.

FILE PHOTO: A Japanese flag flutters atop the Bank of Japan building in Tokyo, Japan, September 21, 2016. REUTERS/Toru Hanai/File Photo

The central bank currently buys 6 trillion yen ($54.08 billion) worth of ETFs per year, of which around 1.5 trillion yen is spent on ETFs linked to the Nikkei stock average and roughly 4 trillion yen on those linked to the Topix index.

The BOJ will change that composition and increase the amount of purchases for Topix-linked ETFs, and decrease buying of Nikkei-linked ETFs, the Nikkei reported without citing sources.

The total amount of purchase will remain unchanged for now, it said.

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