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Economy

New-type ETFs linked to BOJ policy to debut

TOKYO -- A new type of exchange-traded fund will make its debut on the Tokyo Stock Exchange as early as next month in response to a recent monetary easing initiative by the Bank of Japan.

     Nomura Asset Management and Daiwa Asset Management have finished developing their new ETFs, which will incorporate stocks of companies that are willing to raise wages, expand employment and boost capital spending.

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