TOKYO : Japanese Prime Minister Fumio Kishida said on Monday he has no plan for the government's pension fund to buy the central bank's holdings of exchange-traded funds (ETF)."The Bank of Japan holds ETFs as part of its monetary policy efforts to achieve its price target.
FILE PHOTO: Japanese Prime Minister Fumio Kishida walks, on the day of the opening ceremony of the Summit on Peace in Ukraine at the Buergenstock Resort in Stansstad near Lucerne, Switzerland, June 15, 2024. REUTERS/Denis Balibouse/Pool/File PhotoTOKYO : Japanese Prime Minister Fumio Kishida said on Monday he has no plan for the government's pension fund to buy the central bank's holdings of exchange-traded funds .
"The government has no plan to request or instruct GPIF to buy the central bank's ETF holdings," he said. The BOJ ended eight years of negative interest rates and other remnants of its radical stimulus programme in March, including a framework to buy risky assets such as ETFs that had been in place since 2010.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chinese Premier Li, Japan PM Kishida land in Seoul for trilateral summit with South KoreaMr Kishida is also expected to meet Mr Li separately, and will raise a Chinese ban of Japanese seafood imports and Taiwan.
Read more »
Japan's 10-year bond yield hits 12-year high amid BOJ's policy betsTOKYO: Japan's 10-year government bond yield hit a 12-year high on Tuesday (May 28) as the market braced for further tightening by the Bank of Japan, following a senior official's hawkish comments. The 10-year JGB yield rose 1.5 basis points (bps) to 1.035 per cent, its highest since April 2012.
Read more »
Core inflation in Japan's capital accelerates, keeps BOJ rate hike view aliveTOKYO : Core consumer prices in Japan's capital rose 1.9 per cent in May from a year earlier, data showed on Friday, accelerating from the previous month and keeping alive market expectations the central bank will raise interest rates this year.
Read more »
Japan core inflation set to accelerate, keeping BOJ on track for more rate hikesTOKYO: Japan's nationwide core consumer inflation likely accelerated to 2.6 per cent year-on-year in May from 2.2 per cent in the previous month, a Reuters poll of 18 economists showed on Friday (Jun 14), keeping the central bank on track to raise interest rates further in coming months.
Read more »
Japan May wholesale inflation jumps, complicates BOJ rate hike pathTOKYO: Japan's wholesale inflation jumped in May at the fastest annual pace in nine months, data showed on Wednesday (Jun 12), a sign the weak yen was adding upward pressure on prices by pushing up the cost of raw material imports.
Read more »
Japan spots Chinese ships near disputed isles for record 158 daysJapanese PM Kishida expressed concern over the issue at a bilateral meeting with Chinese Premier Li.
Read more »