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
source https://www.thesundaily.my/business/boj-official-says-ready-to-take-additional-steps-to-stabilise-markets-FE2107878
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