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The Bank of Japan Was The Top Buyer Of Japanese Stocks In 2016
Monday, December 26, 2016 12:47
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As the FT recently noted, “the central bank’s overwhelming dominance of ETFs, combined with the structural oddities of Japan’s most famous but esoteric equity benchmark, the price-weighted Nikkei 225 Average, has given the BoJ indirect but massive positions in many of the country’s biggest corporate names.” Normally, this kind of activity would be associated with command-style, centrally-planned economies such as that of the USSR. Now, however, it is considered part of the “new normal.” …. http://www.zerohedge.com
Source: http://luismmx.blogspot.com/2016/12/the-bank-of-japan-was-top-buyer-of.html
