Bank of Japan buys ETFs for second straight day

Kitco Media
By Reuters
Published:
Updated:
Reuters
TOKYO, March 14 (Reuters) - The Bank of Japan bought 70.1 billion yen ($522 million) of exchange-traded funds on Tuesday, the central bank data showed, stepping into the market for a second trading day as the market slips in the aftermath of the Silicon Valley Bank's collapse. Japanese shares fell on Tuesday, with the broader Topix index closing down 2.67%, in a bigger slump than the 2% threshold that prompts the central bank to step in the market. The central bank also bought 70.1 billion yen of ETFs on Monday. ($1 = 134.2200 yen) (Reporting by Kantaro Komiya, Editing by Louise Heavens)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.