Jun 01 (asianometry) - By December 2020, the Bank of Japan had become the single biggest shareholder of Japanese stocks.
Over the span of a decade, the central bank bought hundreds of billions of dollars in Tokyo-listed stock ETFs as part of its monetary easing programs, sitting on a handsome $130 billion profit. You might be forgiven for wondering if it is normal for a central bank to buy "stonks". It has never been done before in this way. Yet as Japan threatened to enter another era of economic stagnation and deflation, the bank decided to go where no bank has gone before in an effort to fight the future.
