BOJ buys 70% of Japanese ETF to help banks. But there's more. Nomura which is the biggest distributer of ETF offered nice pay jobs for the retired governors of BOJ or high rank government officials. Maybe Nomura is mimicing Goldman sachs or City group.
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Nomura is a big power in Japan. I recommend the book The House of Nomura by Robert Alletzhauser.
The book was written accurately and objectively by Alletzhauser , but Nomura sued him.