Japan Finance Minister Katayama: Faster Bank of Japan ETF Sales Worth About ¥1 Trillion a Year
Japan's Finance Minister Satsuki Katayama said on November 10 that the Bank of Japan expects its accelerated sales of exchange-traded fund holdings to generate about ¥1 trillion (US$6.33 billion) in additional annual proceeds. The Bank of Japan decided on October 30 to raise annual ETF sales to ¥860 billion from ¥330 billion on a book-value basis, effective January 2027.
Katayama cautioned that the exact amount remitted to state coffers will depend on fiscal year-end calculations and budget procedures, saying the government cannot yet state precisely how much it will be. Prime Minister Sanae Takaichi unveiled plans last week to use the proceeds to fund investment in areas vital to Japan's economic security.
Bloomberg Economics estimates the faster sales will generate about ¥800 billion in additional annual revenue, below the Bank of Japan's ¥1 trillion indication. The proceeds figure sits at the centre of the Takaichi government's fiscal arithmetic.
(Source: Japan Ministry of Finance)
Source: Japan Ministry of Finance
Published by GSM · USA (original Chinese edition)
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