January 26, 2018 / 6:07 AM / 8 months ago

Abe says BOJ buying ETFs for monetary policy, not to influence stocks

TOKYO (Reuters) - Prime Minister Shinzo Abe said on Friday that the Bank of Japan was buying exchange-traded funds for monetary policy and not to influence the level of the stock market.

Japan's Prime Minister Shinzo Abe gestures as he makes a speech at an opening of a new session of parliament in Tokyo, Japan January 22, 2018. REUTERS/Kim Kyung-Hoon

Abe was speaking in the upper house of parliament in response to questions from an opposition lawmaker.

Reporting by Stanley White; Editing by Chris Gallagher

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