Banking, Central Banking, Banking/Credit, Financial Services, Monetary Policy, Political/General News, Synd, Wsj-Pro-Np, Pro

Banking, Central Banking

Japan’s Stock-Playing Central Bank Racks Up $56 Billion Gain

If Japan’s central bank governor were a Wall Street investment manager, he would be in line for a bonus after his excellent timing of big stock buys

11/26/2020 3:00:00 PM

If Japan’s central bank governor were a Wall Street investment manager, he would be in line for a bonus after his excellent timing of big stock buys

The Bank of Japan under Gov. Haruhiko Kuroda scored after boosting investments at the stock-market bottom, but some have started saying he shouldn’t play the market so much.

Nov. 26, 2020 6:25 am ETTOKYO—One of Japan’s biggest stock investors just reported record gains of more than $50 billion after a well-timed bet. But the person who engineered the windfall won’t be getting a Wall Street-style bonus this holiday season, and some have even started saying he shouldn’t play the market so much.

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That’s because the hot-hitting portfolio manager is Gov. Haruhiko Kuroda, head of Japan’s central bank. Mr. Kuroda has led the Bank of Japan’s push, unusual among global central banks, to invest in the Tokyo stock market as a way... Read more: The Wall Street Journal »

Congress affirms Biden's Electoral College victory

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