The Bank of Japan Was The Top Buyer Of Japanese Stocks In 2016

As the FT recently noted, "the central bank’s overwhelming dominance of ETFs, combined with the structural oddities of Japan’s most famous but esoteric equity benchmark, the price-weighted Nikkei 225 Average, has given the BoJ indirect but massive positions in many of the country’s biggest corporate names." Normally, this kind of activity would be associated with command-style, centrally-planned economies such as that of the USSR. Now, however, it is considered part of the "new normal." .... http://www.zerohedge.com