Japan’s Kato: Stock prices are decided by the market

“Stock prices are decided by the market,” Japanese Chief Cabinet Secretary Katsunobu Kato said while responding to media after the Nikkei closed at a 19-year high on Friday.

Earlier today, Finance Minister Taro Aso said that monetary policy decision is totally up to the Bank of Japan (BOJ), adding that the central bank's ETF purchases are part of its monetary policy actions and not to directly prop up stock prices.

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