BOJ REFRAINS FROM BUYING ETFs IN MAY FOR THE 1ST TIME

Highlights –

• BOJ refrains from buying ETFs in May for the 1st time.
• BOJ removed a $55 billion annual target for purchases to make ETF buying more flexible in March.
• The BOJ's total assets quadrupled to over 700 trillion yen over the past 8 years under Kuroda.
• BOJ currently sets an upper purchase limit for ETFs of 12 trillion yen a year.

The Bank of ....