boj minutes, 2021-03-19
The findings suggested that purchases of assets such as ETFs had the effect of lowering risk premia, and that the effects of purchases per single amount tended to be larger (1) the lower the level of stock prices relative to their trend, (2) the higher the volatility, (3) the larger the rate of decline in stock prices immediately before the conduct of purchases, and (4) the larger the size of purchases.
Sentiment: neutral
Topic: mp_credit