Bank of Japan loses up to 3 Trillion Yen ($27bn) in stock ETFs. Decides to double annual purchases.

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by SpontaneousDisorder

By the end of the crisis will central banks have just nationalized everything by buying up stocks and corporate bonds?

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Who gets to vote on this socialization of the means of production?

BOJ-Held ETFs Carrying 2-3 T. Yen of Loss: Kuroda

Tokyo, March 18 (Jiji Press)–Bank of Japan Governor Haruhiko Kuroda said Wednesday that the amount of latent losses on exchange-traded funds held by the central bank is estimated at 2 trillion to 3 trillion yen following a recent stock sell-off amid the coronavirus crisis.

The estimate is based on the current levels of the benchmark 225-issue Nikkei average on the Tokyo Stock Exchange, Kuroda said at a meeting of the Financial Affairs Committee of the House of Councillors, the upper chamber of the Diet, the country’s parliament.




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