The BOJ is reported to plan to accelerate ETF sales from the start of the year, substantially shortening the estimated time to complete the sales from approximately 112 years to approximately 43 years. The BOJ's equity ownership is estimated at approximately 20% at companies with the highest exposure, and the move is also reported to be aimed at correcting distortions in the equity market.
The BOJ decided to accelerate sales of exchange-traded funds (ETFs) from the start of the year. Although it had previously estimated approximately 112 years as the benchmark for completing the sales, the period is now expected to be substantially shortened to approximately 43 years. This policy shift suggests an intention to gradually reduce the BOJ's equity holdings.
According to the reports, the proportion of shares held by the BOJ through ETFs is estimated to potentially reach approximately 20% at companies with the highest exposure. The article does not identify specific stocks or companies, and the figure is presented as a broad estimate.
The stated aim regarding the impact of the BOJ's sales on equity markets is to correct market distortions while avoiding a sharp fall in share prices. The reported policy is to take care that the sales do not cause excessive market disruption.