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16 Jun 2013
BoJ likely to increase purchases of J-REITs
FXstreet.com (Barcelona) - On a weekend report carried by Nikkei, the news agency suggests the Bank of Japan is weighing the possibility of expanding the purchases of Japanese real estate investment trusts (J-REITs) above the agreed levels, which are part of its early year grand monetary easing plan announced.
According to Nikkei, purchases of the J-REITs asset class will likely be increased so that the balance of its J-REITs holding at the end of the year breaks above the 140 billion yen, by as much as 10 billion yen.
Earlier last week, as Reuters notes, "Bank of Japan Governor Haruhiko Kuroda said that it is difficult to boost J-REITs buying within a short term because the J-REITs market itself is not big, but that the bank will closely watch the market and respond flexibly."
According to Nikkei, purchases of the J-REITs asset class will likely be increased so that the balance of its J-REITs holding at the end of the year breaks above the 140 billion yen, by as much as 10 billion yen.
Earlier last week, as Reuters notes, "Bank of Japan Governor Haruhiko Kuroda said that it is difficult to boost J-REITs buying within a short term because the J-REITs market itself is not big, but that the bank will closely watch the market and respond flexibly."