The Bank of Japan will resume a program of buying corporate shares held by financial institutions to shore up their capital, reports Bloomberg. The central bank will buy Y,1,000bn ($11.1bn) in shares through April 2010 and will hold them until March 2012 at the earliest, it said after a policy board meeting in Tokyo on Tuesday. The bank said it resumed the purchases âto support financial institutionsâ future endeavors to reduce market risk associated with stockholdings.
http://ftalphaville.ft.com/blog/2009/02/03/51958/boj-to-buy-shares-from-banks/
Why not the FED ?
http://ftalphaville.ft.com/blog/2009/02/03/51958/boj-to-buy-shares-from-banks/
Why not the FED ?