Bank of Japan expects $6.3 billion annual gain from accelerated ETF sales

The Bank of Japan (BOJ) estimates that its accelerated sales of exchange-traded fund (ETF) holdings will generate approximately 1 trillion yen (US$6.33 billion) in additional annual proceeds. This estimate was presented by Finance Minister Satsuki Katayama on Tuesday, following the BOJ's October 30 decision to increase annual sales of its ETF holdings to 860 billion yen from 330 billion yen. The actual amount remitted to the government will depend on fiscal year-end calculations and budget procedures.