Bank of Japan buys ETFs for second straight day


TOKYO, March 14 (Reuters) - The Bank of Japan bought 70.1 billion yen ($522 million) of exchange-traded funds on Tuesday, the central bank data showed, stepping into the market for a second trading day as the market slips in the aftermath of the Silicon Valley Bank's collapse.

Japanese shares fell on Tuesday, with the broader Topix index .TOPX closing down 2.67%, in a bigger slump than the 2% threshold that prompts the central bank to step in the market.

The central bank also bought 70.1 billion yen of ETFs on Monday.

($1 = 134.2200 yen)

(Reporting by Kantaro Komiya, Editing by Louise Heavens)

((; Twitter: @kantarokomiya;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.