BoJ to buy $16bn of banks' shareholdings

JAPAN - The Bank of Japan on Friday said it would buy yen 2,000bn ($16.5bn) of banks' shareholdings to make them less vulnerable to stock market swings.

The BoJ also urged the government to use public funds to accelerate the disposal of banks' non-performing loans, in its report released after the markets closed, FT reported.

The share buying plan would last up to the end of September 2003 and would cover more than 10 banks. Last month, the BoJ stunned the market by announcing it would buy shar

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: