Earlier from the BOJ Gov:

More still incoming:

  • If achievement of our price target approaches, we can discuss strategy, guidelines on exiting ultra-loose policy including fate of our ETF buying
  • BOJ does not have specific plan yet on how it will sell ETFs
  • When we sell ETFs we will do in a way that avoids as much as possible causing market disruption, huge losses on the BOJ's balance sheet
Bank of Japan Governor Ueda 03 October 2023