BoJ plans to buy non-existent ETFs: A desperate attempt to rescue Abenomics?

Barron's Asia
December 22, 2015

The Bank of Japan’s newly announced strategy to spend 300 billion yen per year buying EFTs that track companies that invest in “physical and human capital” may be an attempt to rescue Japanese Prime Minister Shinzo Abe’s economic policy known as Abenomics, Sasakawa USA’s Tobias Harris says in a Barron’s Asia article by Shuli Ren.

“The BOJ’s announcement may say more about the Abe government’s fears that its campaign to boost wages and investments will fail than about the direction of monetary policy,” Harris said in the article.

Read the full article here.

 

 

 

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