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BOJ should restrain ETF buying when markets calm, says board member Suzuki

BOJ should restrain ETF buying when markets calm, says board member Suzuki

FILE PHOTO: A man wearing a protective mask walks past the headquarters of Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020. REUTERS/Kim Kyung-Hoon

TOKYO: The Bank of Japan should restrain its purchases of exchange-traded funds (ETF) when markets are calm to prevent its holdings from increasing as much as possible, board member Hitoshi Suzuki said on Wednesday.

In a speech, the former commercial banker also said it was crucial to keep Japan's banking system sound in order to make the BOJ's monetary easing sustainable.

(Reporting by Leika Kihara; Editing by Chang-Ran Kim)

Source: Reuters

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