What the BOJ Unwinding Its ETF Holdings Means for Japan
The Bank of Japan plans to start unwinding its exchange-traded fund holdings, in a process that could take more than a century to complete. As of mid-September, the BOJ held about ¥79.5 trillion ($537 billion) of ETFs by market value and had around ¥43.8 trillion of unrealized gains, according to calculations by Morgan Stanley MUFG strategists.
The Bank of Japan plans to start unwinding its exchange-traded fund holdings, in a process that could take more than a century to complete. As of mid-September, the BOJ held about ¥79.5 trillion ($537 billion) of ETFs by market value and had around ¥43.8 trillion of unrealized gains, according to calculations by Morgan Stanley MUFG strategists.
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