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.
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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