Bank of Japan sets rate guide near 1.25%, raises future ETF sales pace
Japan’s central bank set its overnight rate guideline around 1.25% and approved a faster ETF disposal pace beginning January 2027. The future sales figure is stated at book value.
What the record says
The Bank of Japan voted 8–1 on October 30 to guide the uncollateralized overnight call rate around 1.25% for the period between meetings. A proposal to guide the rate around 1.5% was defeated.
In a separate unanimous decision, the bank set its exchange-traded fund sales pace at about 860 billion yen per year on a book-value basis, up from about 330 billion yen. The change is scheduled for January 2027.
The statement allows temporary adjustments or suspension of sales in response to market conditions. Its stated pace for Japanese real-estate investment trust sales remains about 5 billion yen per year at book value.
Source details and supporting locations.
Practical next step
Read the Bank of Japan’s statement for the decisions and implementation qualifications.
Limits and what is not established
Book value is not market value. The statement does not guarantee future rate changes, asset prices or the actual amount of sales in every year.
Sources checked November 1, 2026. Later notices may change instructions or arrangements.
Original sources
Bank of Japan: original information