The Bank of Japan accelerates the pace of ETF sales, possibly to provide funding support for fiscal expenditure.

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智通财经2026/10/31 03:05

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The Bank of Japan announced on Friday that, starting January next year, the annual amount of ETFs sold at book value will increase from the current 330 billion yen to 860 billion yen, equivalent to 5.5 billion US dollars.
After accelerating the sales, the time required to complete the entire sale is expected to be shortened from 112 years to about 43 years.
According to legal requirements, the Bank of Japan must submit surplus income to the government after deducting dividends and other expenses. The income generated from ETF sales can increase the amount turned over, providing the government with additional non-tax revenue.
Senior economist Taro Kimura estimates that after the sales speed-up, the Bank of Japan could add about 800 billion yen of income annually, and this potential extra revenue could help Sanae Takaichi secure funds for her policies while drawing up the next fiscal year's budget.
Her policy pledges include a two-year reduction in the food consumption tax, a 14-year growth investment plan, and an increase in defense spending.
The Bank of Japan’s increased remittance may also be used to fund the economic security special account that the current government plans to establish. According to UBS SuMi TRUST Wealth Management strategist and former Cabinet Office official Masamasa Ishii, compared to filling large temporary revenue gaps caused by measures such as the consumption tax reduction, funds remitted by the Bank of Japan are more suitable to support multi-year projects.

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The Bank of Japan accelerates the pace of ETF sales, possibly to provide funding support for fiscal expenditure.

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