These names are not talked about much in the press. The Japanese industrial stocks are flying under the radar.
The central bank has been buying trillions of yen worth of these securities, which track the Nikkei or Topix index, and plans to spend 6 trillion yen ($52.9 billion) annually. Since the program began in 2010, it has purchased over 16 trillion yen of ETFs. These purchases have made the BOJ a large shareholder of index constituents such as Fast Retailing, the company that owns Uniqlo, and electronics components company TDK.