Japan commits $6bn to ETFs in QE plans

The firm's global investment strategist Richard Batty says the BoJ is allocating $60bn to buying assets as part of its policy to keep current interest rates at around zero and suppress longer-term interest rates. Batty says although the $6bn allotted to buying ETFs is a small figure, it is an "interesting departure" by the BoJ, which will look to boost asset values and buy more ETFs going forward. He says: "$60bn is not enough - but this is a signal of what the BoJ wants to do, it's part of a staged quantitative easing measure." He says Japan is currently experiencing a liquidity t...