Bank of Japan board members believe that purchasing exchange-traded funds and REITs will boost investors' appetite for risk taking. Last month, the bank announced it would buy $5.5 billion in ETFs and close to $1 billion in REITs. The board is meeting this week to decide how to buy these securities. At the time of the announcement, it was observed there were a limited number of highly rated Japanese REITs and thus deciding in which firms and industries to invest would be difficult.
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