"Japanese Stocks" Fast Retailing (9983.JP) closed down 4.5% due to the Bank of Japan selling ETFs
The Nikkei index's largest weighted component, Fast Retailing (9983.JP), closed at 45,720 yen today (19th), down 4.49% for the day. The Bank of Japan has decided to sell its held ETFs and REITs, with an annual selling scale of about 330 billion yen. Although the market had been alert to this, the timing of the sell-off was expected to be later. Fast Retailing is the largest holding target with approximately 20% indirect ownership by the Bank of Japan, raising market concerns about future supply and demand being negatively impacted
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