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Bank of Japan buys ETFs for first time in 6 months - disclosure

BY Reuters | ECONOMIC | 12/02/22 03:45 AM EST

TOKYO, Dec 2 (Reuters) - The Bank of Japan (BOJ) bought 70.1 billion yen ($523.37 million) of exchange-traded funds on Friday, stepping into the market for the first time in six months, the central bank data showed.

Japanese shares fell on Friday, with the broader Topix index slipping as much as 2%, a level that could trigger the central bank to step in the market, before closing down 1.64%.

The central bank bought 70.1 billion yen of ETFs on June 17. ($1 = 133.9400 yen) (Reporting by Tokyo bureau Editing by Raissa Kasolowsky)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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