News

BoJ scales down ETF purchase plan

ETF blocks 1Japan’s central bank significantly reduced its purchase of local equity in 2021 according to end-of-year sales figures. Data compiled by Bloomberg showed that Bank of Japan (BoJ) bought 873.4 billion yen ($7.6 billion) in 2021. This amounted to the smallest purchase of ETFs since prime minister Shinzo Abe came to power for the second time in 2012. It is also a much reduced figure from the $60 billion purchased in 2020. The BoJ had announced in March that it would abandon its previous policy of buying a minimum of $55 billion’s worth of ETFs every year. The central bank still owns 60% of the ETFs listed in Japan, as of the end of November, which amounts to $535 billion in assets, according to data from ETFGI. ©2022 funds global asia

Executive Interviews

Executive interview: PGIM CEO on where the ESG flowers should bloom

Sep 27, 2021

David Hunt, president and chief executive of PGIM, tells Romil Patel about leading a top 10 global asset manager in times where “empowering and encouraging the kind of investment decisions as...

Executive interview: Nicolas Moreau’s orderly transition

Jul 12, 2021

Nicolas Moreau, CEO of HSBC Asset Management, is moving to Asia as the firm looks to connect more directly with the region’s growth story. ESG is also a key focus – including the ‘just’ carbon...

Roundtables

Roundtable: Singapore comes of age as an Asian ESG hub

Dec 01, 2021

Strong ESG credentials strengthen the case for Singapore as a leader in Asia of the post-Covid recovery. Our panel discusses the risks and opportunities.

Roundtable: How well geared are Japanese assets for a new world?

Jul 12, 2021

As we prepare to emerge from Covid, experts look at overcoming demographic issues through a combination of good tech and corporate governance, improving productivity and meeting an ambitious government carbon emissions reduction target. Chaired by Romil Patel.