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MNI POLICY: BOJ Kuroda: Unrealized ETF Losses About JPY2-3 Trn

MNI (London)
     TOKYO (MNI) - Unrealized losses on ETFs (exchange traded-funds) held by the
Bank of Japan are about JPY2 trillion to JPY3 trillion, Governor Haruhiko Kuroda
said Wednesday.
     However, Kuroda said that the unrealized losses are a rough estimation, as
they fluctuate sharply day-by-day.
     The BOJ on Monday increased the scale of its purchases of ETFs to JPY12
trillion annually from JPY6 trillion.
     Kuroda said that the increase is aimed at restricting risk premium and at
preventing firms' and households' sentiment deteriorating.
--MNI Tokyo Bureau; tel: +81 90-2175-0040; email: hiroshi.inoue@marketnews.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: MMJBJ$,M$A$$$,M$J$$$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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