The Market the Central Bank Bought
The Bank of Japan becomes the country’s largest stockholder. Journal Editorial Report: Paul Gigot and Mary O Grady on identity politics and corporate boards. Image: Stephen Chernin/Getty Images By Dec. 15, 2020 6:25 pm ET
The Federal Reserve’s Open Market Committee is meeting this week, and we’ll learn Wednesday if it will expand its purchases of Treasurys and private bonds. Which makes it a good moment to point out that the Bank of Japan is now that country’s largest single owner of equities. This is a milestone worth marking since pressure inevitably will mount on other central banks to follow where Japan’s excessively innovative monetary authorities lead.
Roundup: Tokyo stocks end lower on gov t suspension of travel campaign
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Tokyo stocks end lower on gov t suspension of travel campaign - Xinhua
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