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Markets

Bank of Japan's ETF buying hits yearly record

Purchases top $53bn as central bank tries to calm jittery market

The BOJ now has an outsize presence in the Tokyo stock market.

TOKYO -- The Bank of Japan has bought a record 6 trillion yen ($52.9 billion) in exchange-traded funds so far this year, providing support to a market pummeled by investors concerned about the U.S.-China trade war and an economic slowdown.

The BOJ scooped up 71.5 billion yen in ETFs on Thursday. That lifted its total from January to 6.06 trillion yen, surpassing the previous annual high of 5.9 trillion yen, set in 2017.

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