Bank of Japan stock buying will be hard to unravel - a podcast by Asian Development Bank Institute

The Bank of Japan’s ongoing purchases of Japanese stocks has warped the country’s equity markets. Every day it continues will make the eventual unwinding of those holdings harder, both for the central bank and for the markets themselves.

In January 2013, the BOJ introduced a 2% price stability target in an effort to extract the country from more than a decade of stagnant or falling prices. That in itself was a rare move by a central bank. Sayuri Shirai of Japan’s Keio University explains.

Read the transcript
https://bit.ly/2WJldke

Read the working paper
https://www.adb.org/publications/boj-exchange-traded-fund-purchases-unprecedented-monetary-easing-policy

About the author
Sayuri Shirai is a professor at Japan’s Keio University and a visiting scholar at the Asian Development Bank Institute and served on the Bank of Japan’s monetary policy board from 2011 to 2016.

Know more about ADBI’s work
https://bit.ly/2GsYxyX

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