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Japan-Update

Nikkei's gains rein in BOJ's fund purchasing

Concerns rise that central bank may not hit annual goal

The Bank of Japan's ETF portfolio has climbed to roughly 22 trillion yen.

TOKYO -- The sustained upswing by the Japanese stock market has apparently put a large chunk of the Bank of Japan's plan to purchase exchange-traded funds on hold.

As part of its massive monetary easing program, the BOJ aims to purchase 5.7 trillion yen ($50 billion) worth of ETFs annually. The vehicles are maintained by trust banks and track the Nikkei Stock Average and other indexes.

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