Global overproduction, in anticipation of soaring demand, snuffs out rebounds
02:25
Japanese media on September 19 heavily focused on the Bank of Japan's decision to maintain interest rates while initiating the sale of its ETF and J-REIT holdings. Early reports from Nikkei Shimbun and Yahoo News Japan confirmed this move. By late morning, BOJ Governor Ueda elaborated on the long timeline for these sales, suggesting it could take over a century, a detail widely covered by Nikkei Shimbun, The Japan Times, and Yahoo News Japan. This decision led to a temporary dip in the stock market, with the Nikkei 225 briefly falling below 45,000 yen. Separately, the LDP leadership race continued, with Sanae Takaichi outlining her policies and considering an expanded coalition framework.