Bank of Japan to sell ETFs 2.6 times faster, yet exit may still run 43 years

The BOJ accelerating ETF disposals 2.6x signals a slow normalization of its balance sheet, adding a persistent supply overhang to Japanese equities. Even with the timeline cut to 43 years, the pace remains glacial, so the near-term price effect is marginal; the message matters more than the flow, reinforcing expectations of gradual policy tightening and capping upside for Japan equity exposure.