BOJ to cut ETF purchases - Bloomberg

The Bank of Japan (BOJ) cut its annual buying target for domestic exchange-traded funds (ETF) by as much as a third from the current JPY 6 trillion says a Bloomberg report released today.

With inflation and the economy showing signs of life, the central bank will find it hard to justify the massive purchases.

As of October, the central bank owned 74 percent of the nation's ETF market.