TOKYO -- The Bank of Japan will overtake a state-run pension fund as the top shareholder in Tokyo-listed companies as early as 2020, Nikkei calculations show, as concerns rise regarding the central bank's outsize role in the nation's capital market.
The BOJ held over 28 trillion yen ($250 billion) in exchange-traded funds as of the end of March -- 4.7% of the total market capitalization of the first section of the Tokyo Stock Exchange.
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