The Bank of Japan set its money market operations target through the next monetary policy meeting as a policy to keep the uncollateralized call rate at approximately 1.25%. It decided to sell ETFs at an annual pace of approximately ¥860 billion for the time being, based on book value.
Today, the Bank of Japan decided at the Policy Board's monetary policy meeting to keep its money market operations target through the next meeting at approximately 1.25%. This will maintain the operating target for the uncollateralized call rate near its current level.
ETF sales began in January 2025. At today's monetary policy meeting, the Bank decided to conduct sales at a scale equivalent to approximately 0.1% of total market trading value and set the annual pace of sales at approximately ¥860 billion, based on book value.