BOJ’s Kuroda: Premature to reveal its options on fate of ETF holdings

TOKYO: Bank of Japan Governor Haruhiko Kuroda said on Tuesday it was too early now to reveal how the central bank could unload its holdings of exchange-traded funds (ETF).

Once the BOJ’s 2% inflation target is met, the board will likely debate the fate of the bank’s ETF holdings as part of its exit strategy from ultra-loose policy, Kuroda told parliament.

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If the BOJ were to sell ETFs to the market, it will do so in a way that minimises the bank’s losses and avoids disrupting financial markets, he said.