Politics
BOJ’s Faster ETF Sales May Help Takaichi’s Spending Plan
Key Points
BOJ’s Faster ETF Sales May Help Takaichi’s Spending Plan The Bank of Japan’s decision to accelerate sales of exchange-traded funds could boost its payments to the government, potentially helping Prime Minister Sanae Takaichi finance her costly policy agenda. The central bank announced Friday that it would increase its annual ETF sales to ¥860 billion ($5.5 billion) on a book-value basis from January, up from the current ¥330 billion.
BOJ’s Faster ETF Sales May Help Takaichi’s Spending Plan
The Bank of Japan’s decision to accelerate sales of exchange-traded funds could boost its payments to the government, potentially helping Prime Minister Sanae Takaichi finance her costly policy agenda.
The central bank announced Friday that it would increase its annual ETF sales to ¥860 billion ($5.5 billion) on a book-value basis from January, up from the current ¥330 billion. The faster pace would shorten the estimated time needed to complete the sales to about 43 years from 112 years.