Veteran Investor With Family Pedigree Slams BOJ's ETF Buying

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Veteran Investor With Family Pedigree Slams BOJ's ETF BuyingKen Shibusawa, who has more than three decades of investment experience at firms including Goldman Sachs Group Inc. and JPMorgan Chase & Co., said the BOJ’s trillions of yen in ETF purchases since 2010 will make Japan’s stock market as dysfunctional as the bond market. “The BOJ indirectly becomes a shareholder of Japan Inc. as part of its policy,” Shibusawa said in an interview in Tokyo on April 11.

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