The Bank of Japan maintains interest rates as scheduled, but the tightening camp is rising! Major announcement of plans to sell ETFs

Zhongtong Finance APP learned that due to the ongoing global economic and domestic political uncertainties in Japan, the Bank of Japan, seeking clarity on the outlook, decided to keep its benchmark interest rate unchanged and announced that it will begin selling exchange-traded open-ended index funds (ETF products). In addition, a significant detail of this interest rate decision is that the announcement was delayed significantly from usual, as there were internal disagreements in the voting process. The Bank of Japan maintained the interest rate at 0% with a 7-2 vote, with members Takada Hajime and Tamura Naoki expressing dissent. Both committee members believed that an increase of 25 basis points to 0.75% should have been made, as the risks of price increases are leaning towards the upside and the central bank should move policy rates closer to neutral rates.