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Bank of Japan Shares May Have Become the Latest Meme Stock
Bloomberg 3/1/2021
(Bloomberg) GameStop. Nokia. The Bank of Japan?
Japan’s central bank joined the ranks of equities with puzzling surges in valuation led by retail investors on Monday, as its shares surged by their daily limit. The stock rose 18%, the most since 2005, to 33,000 yen a share.
Even experienced investors are often surprised to learn that as well as being Japan’s lender of last resort and a key pillar supporting the equity market, the BOJ is itself a publicly listed entity on the Tokyo Stock Exchange’s Jasdaq section.