TOKYO -- The Bank of Japan purchased 70.1 billion yen ($523 million) in exchange-traded funds on Tuesday as concern over the collapse of Silicon Valley Bank drove stock prices down here.
Central bank responds to plunge in financial shares in Tokyo
The Bank of Japan moved to buy ETFs as jitters over the stability of the banking system dragged down stocks. © Reuters
TOKYO -- The Bank of Japan purchased 70.1 billion yen ($523 million) in exchange-traded funds on Tuesday as concern over the collapse of Silicon Valley Bank drove stock prices down here.