The BOJ must define a strategy for its ETF holdings -- not just its sales

Central bank needs to decide what to do with what they hold until everything is sold

20251024 BOJ

The Japanese national flag waves at the Bank of Japan building in Tokyo on March 18, 2024.

Ken Shibusawa, the great-great-grandson of Eiichi Shibusawa, is founder and chairman of Commons Asset Management, and CEO of Shibusawa and Company. Matthew Poggi is an economist, affiliated with the Council on Economic Policies and a visiting senior fellow at the London School of Economics Centre for Economic Transition Expertise.

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