A post by @FirstSquawk on X.

Japanese Prime Minister Sanae Takaichi wants proceeds from the Bank of Japan's accelerated disposals of its ETF holdings directed toward financing investment in sectors deemed critical to the country's economic security. The proposal links the central bank's balance-sheet unwind to a strategic spending push, rather than letting the revenue flow back into the general budget. The BOJ holds a large portfolio of equity ETFs accumulated through years of stimulus purchases, and the pace of its sales has become a focus for markets gauging the normalization of monetary policy. Takaichi's stance signals she intends to steer the disposal program's proceeds toward industrial policy priorities. What to watch next is whether the BOJ adjusts its ETF sale schedule and how the government formalizes the earmarking of those funds.