November 8, 2017 / 5:24 AM / 11 days ago

BOJ's Funo: See no need to change ETF purchases

MIYAZAKI, Japan (Reuters) - Bank of Japan board member Yukitoshi Funo on Wednesday said he felt there was no need to change the central bank’s purchases of exchange-traded funds linked to the stock market.

Funo, speaking to reporters in Miyazaki, southern Japan, said it was possible for policymakers to respond in some way if a majority of board members saw the need to change policy.

Funo also said he did not think stock prices were overheating.

Reporting by Sumio Ito; Writing by Stanley White; Editing by Minami Funakoshi

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