Thursday, April 4, 2013

Shoulda Bought Some Bank of Japan (8301)

I have no idea what the drivers of the stock are but as was pointed out in January's "The Bank of Japan is the Weirdest Central Bank in the World", Japan's central bank is publicly traded:
...It really was just so BoJ. As central banks go, you see, Japan’s is one of the world’s strangest. Some examples:
The BoJ is one of the only central banks in the world that is publicly traded. (Belgium’s, on which BoJ is modeled, and Switzerland’s are others.) According to the 1942 Bank of Japan Act, the bank’s stated capital—¥100 million at the time—was “to be contributed to by both the government and non-governmental persons,” with the government taking at least 55%. And sure enough, the Bank of Japan is listed over-the-counter on the Jasdaq under ticker 8301....
The stock was up 4.83% (vs. the Nikkei's 2.2%) in Thursday action. 76,000 Yen, last.