September 30, 2019 / 9:26 AM / 2 months ago

BOJ's ETF purchase hits lowest in more than three years in September

FILE PHOTO : A security guard walks past in front of the Bank of Japan headquarters in Tokyo, Japan January 23, 2019. REUTERS/Issei Kato

TOKYO (Reuters) - The Bank of Japan’s exchange-traded funds purchase this month hit the lowest level in more than three years as Japanese stocks outperformed global peers on the back of hopes of progress around U.S.-China trade talks.

The BOJ bought 163 billion yen ($1.5 billion) worth of stock ETFs in September, its data showed on Monday, the lowest amount since the central bank doubled the buying target to 6 trillion yen per year in July 2016.

Reporting By Tomo Uetake; Editing by Raissa Kasolowsky

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