In the latest attempt by Japanese state bodies to change the way the country’s companies behave, the Bank of Japan has decided to put money into an index of firms selected because of the way they treat women.
The BOJ has added the MSCI Japan Empowering Women Select Index to the list of gauges eligible for investment under its exchange-traded fund purchase program, it said Thursday. An ETF tracking the measure will list on the Tokyo Stock Exchange next week, according to Hisao Matsuura, a strategist at Nomura Holdings Inc.
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