Bank of Japan meeting this week, some headlines crossing on Bloomberg
- No changes are likely at the policy board's meeting this week
- Some officials at the Bank of Japan are increasingly concerned about the sustainability of the BOJ's purchases of exchange-traded funds, according to people familiar with discussions at the central bank
- Concerns include the risk that the Bank could end up owning such large amounts of shares of some listed companies in the Nikkei-225 that it could seriously distort the market, according to the people, who declined to be identified because the talks are private
- They say it's unlikely the matter will be discussed in detail at policy meeting
- If the BOJ were to make a change sometime down the road, it could increase the proportion of purchases in the broader Topix stock index while cutting back on the Nikkei, said the people, rather than reducing the overall quantity of purchases
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This from a Bloomberg preview of the Bank of Japan meeting this week, July 19 and 20
