Group 1 - The Bank of Japan has announced a long-term plan to gradually reduce its massive holdings of exchange-traded funds (ETFs), which is expected to alleviate significant pressure on the Japanese stock market [1][2] - The initial reduction will amount to 75 trillion yen (approximately 507 billion USD), with an annual decrease of about 620 billion yen, allowing the market to stabilize quickly after initial reactions [2][6] - The Nikkei 225 and broader Topix indices reached historical highs in the week of the announcement, indicating strong market resilience and confidence [2][5] Group 2 - Foreign investors are increasingly buying Japanese stocks due to valuation advantages, as the price-to-earnings (P/E) and price-to-book (P/B) ratios are lower than those in the U.S. market [5] - Corporate governance reforms in Japan are driving stock buybacks and active mergers and acquisitions (M&A), contributing to a more dynamic market environment [5] - The potential impact of the ETF reduction on major stocks like Fast Retailing and SoftBank Group is being closely monitored, with expectations that the overall bull market trend will continue despite short-term pressures [7]
巨量ETF即将“优雅退场” 日央行“百年减持计划”扫除日股心头大患
Zhi Tong Cai Jing·2025-09-22 02:57