In First Since 2016, Japanese Investors Panic After Stocks Tumble... And BOJ Refuses To Buy ETFs

zerohedge2021-04-22

Something happened on Tuesday that hasn't happened since 2016: Japan's Topix index (which is widely viewed as more representative of Japanese equities than the Nikkei) tumbled by 1.2% in the morning ...

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AnnieTan
2021-04-22
AnnieTan
good
- Jas4sun:
  wow
- Jas4sun:
  great
- Jas4sun:
  good
- Stevenoh:
  Good to pick up some stocks

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And BOJ Refuses To Buy ETFs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-22 09:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/first-2016-japanese-investors-panic-after-stocks-tumble-and-boj-refuses-buy-etfs><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Something happened on Tuesday that hasn't happened since 2016: Japan's Topix index (which is widely viewed as more representative of Japanese equities than the Nikkei) tumbled by 1.2% in the morning ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/first-2016-japanese-investors-panic-after-stocks-tumble-and-boj-refuses-buy-etfs\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.zerohedge.com/markets/first-2016-japanese-investors-panic-after-stocks-tumble-and-boj-refuses-buy-etfs","article_id":"1160213866","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1160213866","pubTimestamp":1619056595,"sourceInfo":null,"weMediaInfo":null,"summary":"Something happened on Tuesday that hasn't happened since 2016: Japan's Topix index (which is widely ","collect":0,"end_time":0,"defaultTopTitle":"zerohedge.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"自2016年以来，日本投资者首次在股市暴跌后感到恐慌...日本央行拒绝购买ETF","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"Something happened on Tuesday that hasn't happened since 2016: Japan's Topix index (which is widely viewed as more representative of Japanese equities than the Nikkei) tumbled by 1.2% in the morning session.... and the BOJ did not intervene.\nWhy is this notable? Because - in a world where everyone is now completely used to Plunge Protection Teams and central bank bailouts as if it is a perfectly expected event -  this wasthe first time since at least 2016that the Bank of Japan didnotmake an ETF purchase after the Topix fell more than 1% in the morning session.\nTo be sure, the BOJ's lack of intervention was to be expected: as a reminder, the central bank tweaked its ETF purchase program at the March meeting, with changes that came into effect in April. As part of its policy review, theBOJ on March 19 saidit would buy ETFsas needed,scrapping the previously 6T yen annual target, but keeping its 12T yen upper limit on purchases\nPreviously, the largest drop that has not led to the BOJ buying was the 0.89% full-day decline on Feb. 24; In other words, any time the Topix would drop by 1% or more, the BOJ would step in or else there would be a market crash. 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