Relevant:
- The "Tokyo Whale" Is Quietly Buying Up Huge Stakes in Japan Inc (AND REGULATORS WILL NEVER SHUT IT DOWN!)
- Yes! There Is A Plunge Protection Team----BOJ Bought Stock 143 Times To Stop Drops | David Stockman
- A QE First: Bank of Japan Buys Government Debt at Negative Yield
- Japan May Overhaul Property Trust Regulations, Land Deputy Minister Says
- Japan Pumped Record Cash Into Banks to Aid Markets, Economy After Temblor
2012-05-07 — zerohedge.com
The Japanese central bank said it spent 39.7 billion yen (about $500 million) buying up stock ETFs as part of its ongoing asset-purchase program, breaking a previous record of ¥28.5 billion, set on April 16. In addition to the ETF buys, the Bank of Japan also acquired ¥2.3 billion in real-estate investment trusts Monday." Too bad that this latest outright bull in a Japan store (sic) intervention had zero impact: "the move failed to prevent a sharp fall for the Tokyo equity market."
Oh what fun; so now the BOJ is sitting on (even more) large losses.
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