Boj will prefer the sale of ETFs in markets gradually, Goldman says


By playing kihara

Tokyo (Reuters) – When the Japanese bank decided to relocate Goldman Sachs on Friday, the market will gradually sell stock market trading funds in the market.

The Central Bank has purchased ETFs since 2010 within 2010, in the framework of Ultra empty policy, aimed at reflecting the economy of the moribund.

Although Boj stops purchases last year, he said when and how 37 trillion-yen ($ 252 billion) ETF Holding, which cost 70 trillion yen.

When you decide to empty the holdings, this is based on three principles, the ETFs are in a way that causes the escape losses from the bank and cause a minimum impaired in the market.

“Experts have offered various options such as to transfer government agencies and transfer to the public,” Goldman Sachs said in a report on how to download BOJ ETF holdings.

“However, all three conventional methods are likely to be a small-scale sale in the open market,” he said.

To minimize the influence of Boj and the stock market, the BOJ will be a reasonable schedule for a period of time in a period of one-year-centrifuge in a single trillion Yenide, in a period of a single trillion Yenide.

In the report, with the experience led by the Bank’s financial markets department, the former BOJ executor Akira Akıra was designed by Goldman economists, including the essay.

BOJ Governor Kazuo Ueda, the Central Bank said it was more time to check how well the ETF holdings.

($ 1 = 146.8800 YEN)

(Notified by Mark Potter by Kiharaedion of Leica)



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