Former Bank of Japan Gov. Masaaki Shirakawa stressed the need to take unconventional steps to help underpin the economy in October 2010 but cautioned that the decision to purchase exchange-traded funds would entail risks, meeting minutes showed Monday.
The BOJ decided on its first-ever purchase of ETFs, which are riskier in terms of price volatility than assets the bank had previously bought, at a policy meeting on Oct. 5 of the year under what it called “comprehensive monetary easing.”
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