Japan may add $30 billion in U.S. stock purchases by end of 2015: Citi

NEW YORK (MarketWatch) — Bank of Japan’s plan to expand its bond-purchase program, on Friday, delivered a big dose of euphoria to stocks around the world, including in the U.S.

However, the Government Pension Investment Fund’s plans to increase stock purchases in addition to the expansion of the central bank’s bond-purchase program, likely will be a boon for U.S. stock markets over the longer term, said Citigroup chief equities strategist Tobias Levkovich, in a note to investors. Continue reading