BOJ official says ready to take additional steps to stabilise markets

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BOJ official says ready to take additional steps to stabilise markets 1

TOKYO: The Bank of Japan will not hesitate to take additional steps if necessary to stabilise markets, which are making “nervous” movements, a senior central bank official said on Tuesday.

Since issuing an emergency statement last week pledging to stabilise markets, the BOJ has been buying a record 100 billion yen ($ 969 million) of exchange-traded funds (ETF) whenever it steps into the market – bigger than the previous amount of 70 billion yen.

“We’ll strive to take appropriate action with a close eye on daily market moves,“ Eiji Maeda, the BOJ’s executive director, told parliament. “We of course won’t hesitate to take additional measures if needed, depending on future market developments.” -Reuters


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73
11 shares, 73 points

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