BOJ Admits It Has Lost 3 Trillion Yen On Its Equity Purchases Despite Literally Printing Money Out Of Thin Air | WHAT REALLY HAPPENED

BOJ Admits It Has Lost 3 Trillion Yen On Its Equity Purchases Despite Literally Printing Money Out Of Thin Air

Long gone are the days when central banks pretended they aren't in the business of propping up the stock market.

A week after we reported that the BOJ had bought a record amount of ETFs in a desperate attempt to stabilize its illiquid stock market, where the central bank now owns over 73% of all ETFs, Kuroda bought a whopping 121.6BN yen of ETFs on Tuesday, the most on record, and just one day after the BOJ doubled the upper limit of ETFs it can purchase to 12 trillion yen, without however answering where it will get all those ETFs from.

The purchases in its core ETF program jumped by 20% to 120.4BN yen from the previous record of 100.2BN yen; while ETFs bought in the BOJ's "physical and human capital" program - whereby the BOJ directly admits it is rewarding companies for pursuing policies that it finds appealing such as higher jobs - remain at 1.2b yen. Finally, the BOJ's J-REIT purchases rose to 1.5BN yen from 1.2BN yen.

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