Japanese LDP Officials Propose Tapping Bank of Japan's 37 Trillion Yen ETF Holdings to Fund Tax Cuts

According to Jin10, on August 6, Japanese ruling Liberal Democratic Party officials proposed tapping the Bank of Japan's 37 trillion yen in ETF holdings to fund planned consumption tax cuts. Senior lawmaker Yamaji Daishiro suggested accelerating the pace of ETF sales, which currently proceeds at 330 billion yen annually, to fill an estimated 5 trillion yen annual tax revenue gap. The Bank of Japan maintains its gradual approach to avoid disrupting equity markets.
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