Shirai, Sayuri - In: Monetary policy implementation in East Asia, (pp. 143-166). 2020
This chapter highlights exchange-traded funds (ETF) purchases conducted by the Bank of Japan under Quantitative and … Qualitative Monetary Easing with Yield Curve Control. The policy to purchase stocks indirectly is unprecedented in terms of both … scale and duration among major central banks. The purpose of this policy is to promote portfolio re-balancing among …