&quot;Analysts say the bank’s action has been a significant driver of Japan’s stock-market rally in recent months, <i>combined with hefty purchases by the $1.1 trillion Government Pension Investment Fund.</i>&quot;<p>That sounds like there both buying stock, not that there is a handoff between the two.  Quantitative easing is specifically something Central Banks do when they buy stuff using money created from thin air.  <a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Money_creation" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Money_creation</a><p>My point, is after a central bank buy something be it stocks, bonds, gold or pogo sticks with money created on the spot they add money to the economy.  But, if they sell it for more than they bought them for then even more money is removed from circulation.