BOJ winding up the stock purchasing program

The Bank of Japan has said in a statement that it has ended its policy of buying stocks from commercial banks as initially planned.

The program was set up in Nov 2002 to help Japan's banks reduce the risk to their shareholdings of volatility on the stock market.

The BOJ said it has purchased stocks held by commercial banks worth a total of 2.018 trln yen. This was below the 3 trln yen limit the BoJ had set for the program.

The BoJ said in its statement that, in line with its initial plan, it wil