Japanese Finance Minister says BoJ is estimated to make JPY 1tln from faster ETF sales and it is undecided how much BoJ will remit to the government
ORIGINAL · NewsquawkJapanese Finance Minister says BoJ is estimated to make JPY 1tln from faster ETF sales and it is undecided how much BoJ will remit to the governmentRead originalHide original
Says: No impact on BoJ operations from how much proceeds the government expects from the BoJ's ETF sales. Some smaller banks are worried about money shifting to retail JGBs. Nothing decided on preferential tax treatment for retail JGBs and will leave the debate to the LDP.
The finance minister cited estimated JPY 1 trillion in BoJ ETF-sale proceeds, with remittance undecided, and addressed retail JGB concerns and tax-treatment debate.
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Says: No impact on BoJ operations from how much proceeds the government expects from the BoJ's ETF sales. Some smaller banks are worried about money shifting to retail JGBs. Nothing decided on preferential tax treatment for retail JGBs and will leave the debate to the LDP.
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