Group 1 - The Bank of Japan decided to maintain the benchmark interest rate at 0.5%, aligning with market expectations, indicating a moderate recovery in the Japanese economy with stable trends in exports and production [2] - The core CPI inflation, excluding fresh food, is expected to remain subdued due to economic slowdown, despite a gradual decline in the impact of rising food prices [2] - There were two dissenting votes for a rate hike, suggesting a shift in sentiment regarding inflation risks, with calls to raise the rate by 25 basis points to 0.75% [3] Group 2 - The Bank of Japan announced plans to begin selling its ETF and J-REIT holdings, with an annual target of approximately 330 billion yen for ETFs and 5 billion yen for J-REITs [4] - The central bank's ETF holdings have reached 35 trillion yen since it began purchasing ETFs in 2010, particularly increasing after the monetary easing in 2013 [5] - Following the announcement, the market reacted with a decline in the USD/JPY exchange rate and a rise in the 10-year Japanese government bond yield by 4 basis points to 1.635% [6][9]
日本央行维持利率不变，启动ETF减持，每年抛售规模达3300亿日元
Sou Hu Cai Jing·2025-09-19 04:27