In 2002, the BoJ began the unprecedented policy of buying stocks in the Tokyo stock exchange. Explain

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In 2002, the BoJ began the unprecedented policy of buying stocks in the Tokyo stock exchange. Explain the effect, if any, this policy had on Japan's excess reserves, monetary base, and money multiplier. Then discuss the potential problems a central bank could encounter by conducting open market operations in this manner.
Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...
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