日本央行清空银行股持仓 ETF巨量持仓成下个焦点

Core Insights - The Bank of Japan has completely sold off its holdings in bank stocks, concluding a nearly two-decade process that began during the banking crisis of the early 2000s and the subsequent Lehman crisis [1] - This divestment allows the Bank of Japan to potentially pursue broader monetary policy normalization without disrupting financial markets [1] - The assets were initially acquired as a crisis response measure, with approximately 24 trillion yen in bank stocks purchased between 2002 and 2010 to stabilize the financial system [1] - As of 2020, the Bank of Japan became the largest holder in the Japanese stock market, with its ETF holdings being 15 times larger than the bank stocks acquired during the crisis [1] - If the Bank of Japan were to liquidate its ETF holdings at the same pace as the bank stocks, it would take over 200 years to fully divest [1]