Japanese Central Bank Seeks to Shore Up Stocks After SVB Failure

(Nikkei Asia) — The Bank of Japan purchased 70.1 billion yen ($523 million) in exchange-traded funds on Tuesday as concern over the collapse of Silicon Valley Bank drove stock prices down here.

The BOJ had also bought 70.1 billion yen in ETFs on Monday. Tuesday’s move marks the first time the central bank purchased ETFs for two consecutive days since March 2021.