The Bank of Japan bought 70.1 billion yen ($470.31 million) of exchange-traded funds (ETF) on Wednesday, data from the central bank showed, stepping into the market after Japanese stocks slumped amid a spike in US Treasury yields.
The Topix index closed 2.5% lower at 2,218.89 on Wednesday, exceeding the 2% threshold that generally prompts the central bank to step into the market.
It is the third time the central bank has bought ETFs this year to support the market.
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