The Bank of Japan has taken a new step towards normalizing its policy and announces the intention to start selling its enormous portfolio to maintain the circulating indicators (ETFs), despite its decision to keep interest rates unchanged in a vote that has been called to raise two members to raise them. The central bank today, Friday, explained that it will start selling its belongings of indicators at an annual rate of approximately 620 billion yen (4.2 billion dollars). Although it will take more than a century at this rate to sell all the assets, the shares have decreased, as this is the first time the bank has announced a clear plan to get rid of the assets it has gained during years of ultra -facilitating policy. 7 members voted for two to keep the interest rate unchanged at 0.5%, in the first opposition against both members, as Governor Kazo Oida held office in 2023, which is an indication of the escalation of internal pressure to raise interest. Although the decision corresponds to the expectations of all fifty economists included in the “Bloomberg” poll, the anticipation is increasing before the next meeting of the monetary policy scheduled for October 29 and 30.
The Bank of Japan is outside the indicator funds and there is no interest
