Japan’s central bank will sell ETFs 2.6 times faster and could still take 43 years to exit
Summary
The Bank of Japan will increase annual sales of its equity ETFs from ¥330 billion to ¥860 billion at book value, reducing the estimated disposal period from 112 to 43 years. The bank says sales have proceeded smoothly and intends to avoid losses and market disruption, retaining discretion to adjust or pause them. The article explains that the BOJ stopped buying ETFs in 2024 but must sell its holdings to transfer the risk to private buyers. It also discusses a possible indirect link to Bitcoin through yen-funded carry trades, while stressing that there is no evidence these trades are currently under stress. Recent foreign-investment data do not show a general pullback or prove forced selling.
