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Bank of Japan Plans to More Than Double Stock Fund Sales Starting January
(2 hours ago) · 1 source · Summarized by CryptoBipto
The Bank of Japan has announced it will more than double its sales of stock-fund holdings beginning in January. This move is part of the BOJ's ongoing effort to unwind its large portfolio of exchange-traded funds accumulated over years of monetary easing. The decision could have broader implications for global financial markets, including cryptocurrency markets, through its effect on the Japanese yen.
WHY IT MATTERS
The Bank of Japan is like a giant investor that bought huge amounts of stock funds over the years to help boost Japan's economy.
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SOURCES
- cryptoslate.com
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