BOJ may buy $111.5 billion in shares held by bank

Discussion in 'Wall St. News' started by ASusilovic, Feb 3, 2009.

  1. The Bank of Japan will resume a program of buying corporate shares held by financial institutions to shore up their capital, reports Bloomberg. The central bank will buy Y,1,000bn ($11.1bn) in shares through April 2010 and will hold them until March 2012 at the earliest, it said after a policy board meeting in Tokyo on Tuesday. The bank said it resumed the purchases “to support financial institutions’ future endeavors to reduce market risk associated with stockholdings.

    Why not the FED ?:confused: