BoJ governor Haruhiko Kuroda (pic) has said the review won’t lead to a tightening of monetary policy.
TOKYO: The Bank of Japan (BoJ) is under pressure to relax rules for its purchases of real-estate investment trusts (REITs) so that it can keep buying the asset at the current pace, highlighting the challenges of sustaining its massive stimulus programme.
The fate of the rules, which limit the central bank’s ownership of individual REITs to a maximum of 10%, could be discussed at the BoJ’s review of policy tools at its March 18-19 meeting, with an industry estimate putting nearly a third of its REIT holdings at close to the permissible threshold.
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