The Bank of Japan will more than double the annual pace of its exchange-traded fund (ETF) sales from January 2027, a change it linked to rising trading activity in Japanese stocks.
In an Oct. 30 statement, the central bank said annual sales would increase to about ¥860 billion on a book-value basis from about ¥330 billion. The BOJ began selling its ETF holdings in January 2026.
The bank estimates the faster pace will equal about 0.1% of trading value, up from 0.05%. That comparison uses Tokyo Stock Exchange Prime Market trading value from January through September 2026. At market value, the BOJ put the annual pace at about ¥2.46 trillion, using the market-to-book ratio for ETFs it sold during that period.
The BOJ cited expanding stock-market trading value as a reason for the change. Its release sets out the central bank’s sales schedule but does not identify government revenue or a public spending allocation tied to the sales. The faster pace is scheduled to begin in January 2027.
