The prime minister told parliament on 6 November that additional revenue from the Bank of Japan’s increased fund sales should support crisis management and growth areas, including economic security. The bank estimates extra annual proceeds of 1 trillion yen (about $6.3 billion); transfers remain unsettled.
Japan’s Prime Minister Sanae Takaichi plans to use additional income from central bank fund sales for crisis management and growth areas, including economic security. She outlined that intended use in parliament on 6 November 2026, as her administration sought revenue beyond taxes to finance spending without relying too heavily on additional debt.
Finance Minister Satsuki Katayama said on 10 November 2026, that the Bank of Japan estimates its faster sales of exchange-traded funds, or ETFs—investment funds traded on an exchange—will generate about 1 trillion yen (about $6.3 billion) in additional annual proceeds. Her remarks were carried by CNA.
The proposal follows the bank’s 30 October 2026, decision to increase annual ETF sales from 330 billion yen to 860 billion yen (about $5.4 billion), measured at book value—the value recorded in its accounts. Takaichi described the additional proceeds as the fruits of Japan’s economic growth and said reinvesting them in crisis management and growth was appropriate.
ETF-sale earnings contribute to the Bank of Japan’s annual net profit, a portion of which is transferred to the government. Takaichi proposes spending the additional income on crisis management and growth; an allocation has yet to be approved, and she did not specify amounts for individual priorities or an implementation timetable.
Katayama said decisions on ETF sales and other monetary policy operations remain solely the central bank’s responsibility under the central bank law. Government expectations for profit transfers would not influence those operations, she said.
The amount ultimately transferred to the government remains unsettled. Katayama said fiscal year-end calculations and budget procedures will determine how much the government receives.
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Added the central bank’s estimate of additional proceeds, its sales target and the uncertainty over how much will reach the government.
