November 6, 2017 / 2:41 AM / a year ago

BOJ Kuroda: No immediate need to tweak pace of ETF buying

NAGOYA, Japan (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Monday he saw no immediate need to tweak the pace or the way it buys exchange-traded funds (ETF) under its massive stimulus program.

“We may make some modification to the way we buy ETFs in the future,” even if other elements of the BOJ’s ultra-easy policy remains in place, Kuroda told business leaders in Nagoya, central Japan. “At present, I don’t see the need to change anything,” he added.

Under its stimulus package that combines a yield curve control policy with an asset-buying program, the BOJ buys huge amounts of government bonds and risky assets including ETFs and trust funds investing in property.

Reporting by Leika Kihara; Editing by Minami Funakoshi

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