A post by @FirstSquawk on X.

Japanese Prime Minister Sanae Takaichi said revenue from the Bank of Japan's disposal of its ETF holdings reflects the country's economic growth and should be redirected toward generating further growth and reinforcing the economic cycle. The remark signals that the government views the BOJ's unwinding of its equity portfolio as a fiscal resource rather than merely a monetary normalization step. It matters because the BOJ's ETF holdings are a legacy of years of unconventional easing, and how proceeds are deployed could shape the relationship between the central bank and the government. What to watch next is whether the proceeds are formally earmarked for growth-oriented spending and how the BOJ paces its ETF sales.