Bank of Japan likely offloaded shares as stock prices stabilize ...Middle East

Japanese media, Nikkei, report on how the Bank of Japan is likely to have offloaded some of the shares it has accumulated. Nikkei says The BOJ is believed to have turned a seller in 2023 as its sales of stocks previously purchased from banks as part of measures to stabilize the financial system likely outstripped ETF purchases, which decreased significantly because of stabilizing stock prices. Says Japanese equities in 2023 were lifted by money from foreign investors and share buybacks by Japanese companies.Private money drove up prices even as the BOJ's presence as a buyer declinedThe Bank of Japan ETF purchases in preceding years were aimed at easing downward pressure on asset prices and p

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