BOJ cuts asset purchases as Kuroda cools his bazooka

ETF and REIT purchases miss targets by 30% or more

20191231N BOJ headquarters

The Bank of Japan headquarters in Tokyo: The central bank has ballooned into one of Japan's top shareholders. (Photo by Toshiki Sasazu)

YUTA SAITO, Nikkei staff writer

TOKYO -- The Bank of Japan scaled back purchases of exchange-traded funds and real estate investment trusts in 2019, a year in which the Japanese stock market's robust performance eased the need for support.

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