BOJ buys Y71bn worth of stocks from banks

The Bank of Japan (BOJ) had purchased 71.16 billion yen worth of stocks held by commercial banks as of Tuesday 10 December on a delivery-completed basis, the central bank said in a report released Thursday.

The BOJ launched the share purchase program on 29 November to stabilize Japan's financial system by shielding banks from plunges in stock prices. The BOJ announces the outstanding balance of purchases every 10 days, but will not disclose the names of banks.