Bank of Japan skipped buying ETFs amid a 2.3% Topix drop, sparking speculation of stimulus scaling.

The Bank of Japan (BOJ) did not buy exchange-traded funds (ETFs) on March 11, despite a 2.3% drop in the Topix index. This marks a departure from the BOJ's typical policy of buying ETFs when the Topix index declines by 2% or more during the morning session. This shift in strategy has fueled speculation that the central bank may scale back its massive stimulus as early as next week.

March 11, 2024
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