BoJ rejects opposition’s call for faster ETF selloff
Bank says matter ‘fully addressed’ last year, after lawmaker proposes speedier sale to fund tax cut
The Bank of Japan has rejected calls from an opposition lawmaker to expedite the sale of its exchange-traded fund (ETF) holdings.
BoJ governor Kazuo Ueda told lawmakers in December that under the central bank’s plans, its full ETF selloff would take “a little over 100 years.”
However, Makoto Hamaguchi, policy chief of the Democratic Party for the People (DPP), said speeding up the process would allow for a 3 percentage point reduction in a food tax proposed by his party. “If those assets were sold
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