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Stocks

BOJ the top buyer of Japanese equities

Bank's ETF purchases up 40% in 2016, hiding foreign investors' selling

TOKYO -- The Bank of Japan is set to become the biggest buyer of exchange-traded funds in 2016 for the second straight year.

According to data through Thursday, the value of the BOJ's ETF purchases this year has topped 4.3 trillion yen ($36.5 billion), up 40% from 2015. Last year, the central bank bought more than 3 trillion yen worth of ETFs.

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