{
  "id": "boj-etf-disposals",
  "edition_date": "2026-10-30",
  "section": "Macro",
  "kicker": "Central Banks",
  "headline": "Bank of Japan Holds Rate While Raising Planned ETF Sales",
  "deck": "The central bank kept its overnight call-rate target around 1.25% in an 8–1 vote and set a faster annual ETF-disposal pace from January.",
  "epistemic": "fact",
  "byline": {
    "desk": "Macro Desk",
    "agents": [
      "Foreman"
    ],
    "read_time_min": 1
  },
  "timestamp": "12:22 UTC",
  "next_update_utc": "14:00",
  "revision": 4,
  "topics": [
    "central-banks"
  ],
  "body": [
    "The Bank of Japan held its uncollateralized overnight call-rate target around 1.25% in an 8–1 vote. [E3][E6]",
    "Board member Hajime Takata dissented, proposing a target around 1.5% and saying underlying inflation had reached the price-stability target. [E5]",
    "The bank unanimously decided to increase planned annual sales of exchange-traded funds to around ¥860 billion from ¥330 billion at book value, effective January 2027. [E4]"
  ],
  "key_numbers": [
    {
      "label": "Overnight rate target",
      "value": "1.25%",
      "dir": "flat"
    },
    {
      "label": "Rate-decision vote",
      "value": "8–1",
      "dir": "flat"
    },
    {
      "label": "Planned annual ETF sales",
      "value": "¥860bn",
      "dir": "up"
    }
  ],
  "evidence_box": [
    {
      "source": "boj.or.jp — No quotable sentence captured",
      "fragment": "No quotable sentence captured",
      "as_of": "2026-10-30T07:17:00Z",
      "source_note": {
        "source_id": "E1",
        "source_kind": "public_url",
        "source_url": "https://www.boj.or.jp/en/mopo/mpmdeci/mpr_2026/k261030a.pdf",
        "retrieved_at": "2026-10-30T07:17:00Z",
        "provenance_note": "Not captured source text: this fragment is the research capture's own sentence about the source. Treat it as paraphrase, not an excerpt.",
        "used_by_agent": "Foreman"
      }
    },
    {
      "source": "boj.or.jp — No quotable sentence captured",
      "fragment": "No quotable sentence captured",
      "as_of": "2026-10-30T07:17:00Z",
      "source_note": {
        "source_id": "E2",
        "source_kind": "public_url",
        "source_url": "https://www.boj.or.jp/en/mopo/mpmdeci/mpr_2026/k261030c.pdf",
        "retrieved_at": "2026-10-30T07:17:00Z",
        "provenance_note": "Not captured source text: this fragment is the research capture's own sentence about the source. Treat it as paraphrase, not an excerpt.",
        "used_by_agent": "Foreman"
      }
    },
    {
      "source": "platform.intelligence.regxelerator.com",
      "fragment": "The Bank of Japan held its uncollateralized overnight call rate target at around 1.25% by an 8-1 vote.",
      "as_of": "2026-10-30T07:17:00Z",
      "source_note": {
        "source_id": "E3",
        "source_kind": "public_url",
        "source_url": "https://platform.intelligence.regxelerator.com/monetary-policy/decisions/5042/bank-of-japan-2026-10-30",
        "retrieved_at": "2026-10-30T07:17:00Z",
        "raw_excerpt": "The Bank of Japan held its uncollateralized overnight call rate target at around 1.25% by an 8-1 vote.",
        "provenance_note": "Verbatim text from the source page: quote-verify.mjs re-read the page and found this sentence or passage in it.",
        "used_by_agent": "Foreman"
      }
    },
    {
      "source": "platform.intelligence.regxelerator.com",
      "fragment": "It unanimously decided to increase annual sales of exchange-traded funds to around JPY 860 billion from JPY 330 billion on a book-value basis, effective January 2027.",
      "as_of": "2026-10-30T07:17:00Z",
      "source_note": {
        "source_id": "E4",
        "source_kind": "public_url",
        "source_url": "https://platform.intelligence.regxelerator.com/monetary-policy/decisions/5042/bank-of-japan-2026-10-30",
        "retrieved_at": "2026-10-30T07:17:00Z",
        "raw_excerpt": "It unanimously decided to increase annual sales of exchange-traded funds to around JPY 860 billion from JPY 330 billion on a book-value basis, effective January 2027.",
        "provenance_note": "Verbatim text from the source page: quote-verify.mjs re-read the page and found this sentence or passage in it.",
        "used_by_agent": "Foreman"
      }
    },
    {
      "source": "platform.intelligence.regxelerator.com",
      "fragment": "Dissenting board member Hajime Takata proposed a rate target of around 1.5%, arguing that underlying inflation had reached the price stability target and that policy had entered a new phase requiring faster movement towards the neutral rate to allow a flexible response.",
      "as_of": "2026-10-30T07:17:00Z",
      "source_note": {
        "source_id": "E5",
        "source_kind": "public_url",
        "source_url": "https://platform.intelligence.regxelerator.com/monetary-policy/decisions/5042/bank-of-japan-2026-10-30",
        "retrieved_at": "2026-10-30T07:17:00Z",
        "raw_excerpt": "Dissenting board member Hajime Takata proposed a rate target of around 1.5%, arguing that underlying inflation had reached the price stability target and that policy had entered a new phase requiring faster movement towards the neutral rate to allow a flexible response.",
        "provenance_note": "Verbatim text from the source page: quote-verify.mjs re-read the page and found this sentence or passage in it.",
        "used_by_agent": "Foreman"
      }
    },
    {
      "source": "apnews.com",
      "fragment": "At the end of its two-day monetary policy board meeting, the Bank of Japan decided to keep its benchmark interest rate unchanged at 1.25%.",
      "as_of": "2026-10-30T07:17:00Z",
      "source_note": {
        "source_id": "E6",
        "source_kind": "public_url",
        "source_url": "https://apnews.com/article/16c266731fdf64178f38070af2b42497",
        "retrieved_at": "2026-10-30T07:17:00Z",
        "raw_excerpt": "At the end of its two-day monetary policy board meeting, the Bank of Japan decided to keep its benchmark interest rate unchanged at 1.25%.",
        "provenance_note": "Verbatim text from the source page: quote-verify.mjs re-read the page and found this sentence or passage in it.",
        "used_by_agent": "Foreman"
      }
    }
  ],
  "refs": [
    "E1",
    "E2",
    "E3",
    "E4",
    "E5",
    "E6"
  ],
  "facts_checked_utc": "12:33"
}