BOJ increases share buying in late August

The Bank of Japan reported on Thursday 2 September that it had purchased a cumulative 1.988 trillion yen ($18.2 bn) of shares by August 31, a slight increase from the 1.985 trillion it had held by August 20.

Under its programme which began in 2002 the bank of japan aimed to buy up to 3 trillion yen of shares held by domestic banks by the end of September. The plan was an initiative to reduce bank exposure to stock market volatility.

However with only one month to go before the scheme ends, it i