Japanese Stocks Signal Confidence Over Faster BOJ ETF Sales

Japanese Stocks Signal Confidence Over Faster BOJ ETF Sales Japanese equities shrugged off the Bank of Japan’s surprise move to accelerate selling of its massive holdings of exchange-traded funds, as investors showed confidence in the market’s ability to absorb the extra supply. Alongside its widely expected decision to keep interest rates unchanged, the BOJ announced Friday it would nearly triple the pace of ETF sales starting in January to about ¥860 billion ($5.5 billion) per year. The Nikkei 225 Stock Average, which was under selling pressure from the morning amid a global tech selloff, pared losses slightly to trade roughly 2% lower in the afternoon.