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Bank of Japan to start unloading ETFs in surprise move that rattles market
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Bank of Japan to start unloading ETFs in surprise move that rattles market

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After the announcement, the Nikkei 225 fell from a record high and the yen strengthened.

In a surprise move, the Bank of Japan's policy board voted unanimously Friday to start unloading about ¥335 billion ($2.4 billion) a year of exchange-traded funds (ETFs) and Japan real estate investment trusts (J-REITS). Stocks sank immediately after... [261 chars]

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Source: The Japan Times

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