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• At some companies, the BoJ seems to have already reached a visible double-digit stake (e.g. at Fast Retailing). Is the BoJ going to control private companies?
• What is going to happen when the BoJ tries to exit the stock market again? Can a stock market crash and/or recession be avoided?
• What happens if the BoJ is not able to exit due to economic cooling/declining stock prices and the resulting public outcry. If one extrapolates the recent gains in ownership to the future - and does not assume another decay of the positive impact on stocks or any further increase of volumes - it will take only 13 years and the BoJ owns one quarter of the Japanese stock market.Ultimately, the BoJ is nationalising the stock market and thus eroding one fundamental pillar of a market-based economy (bear in mind it already "owns" the government bond market).