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Bank of Japan's Historic ETF Unwind Sparks Market Selloff, Dip in Crypto
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TL;DR
The Bank of Japan announced it will start unwinding its $250 billion ETF and JREIT holdings accumulated since 2010, leading to market selloffs. This decision was made alongside a decision to maintain the benchmark rate at 0.5% despite rising inflation.
Summary
The Bank of Japan announced it will start unwinding its $250 billion ETF and JREIT holdings accumulated since 2010, leading to market selloffs. This decision was made alongside a decision to maintain the benchmark rate at 0.5% despite rising inflation.
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