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It also decided to sell real-estate investment trusts (REIT) at an annual pace of around 5 billion yen ($33.95 million).QUOTESHIROFUMI SUZUKI, CHIEF CURRENCY STRATEGIST AT SMBC, TOKYO:"It came as a surprise. With the start of ETF sales and two dissenting votes against leaving policy unchanged (i.e., in favour of tightening), the outcome was hawkish despite expectations for a straightforward hold.""In terms of the calendar, even with the LDP leadership election on October 4 and other events ahead, the BOJ signalled that it will proceed steadily with policy normalisation. An additional rate hike is anticipated in October."This is expected to put appreciation pressure on the yen against the U.S. dollar (i.e., push USD/JPY lower)."CHARU CHANANA, CHIEF INVESTMENT STRATEGIST, SAXO, SINGAPORE:"The dissent from Takata and Tamura highlights growing hawkish pressure inside the BOJ. While the majority still favour a steady path, the presence of two board members voting against today's decision suggests the debate is tilting toward quicker normalisation.""Their stance underscores a gradual shift in board dynamics that could lend yen some support, especially after the post-Fed declines. The BOJ's roadmap to wind down ETF/J-REIT holdings signals that asset-purchase support is fading.""That's a structural headwind for broad indices like TOPIX/Nikkei, though the impact depends on the pace and signalling of sales. For banks, normalisation, however, could be a tailwind via steeper curves and better NIMs, provided the economic momentum remains steady."BEN BENNETT, HEAD OF INVESTMENT STRATEGY - ASIA, L&G ASSET MANAGEMENT, HONG KONG:"Rates were kept steady, but the announcement of asset sales plus two votes for a hike gave the meeting a hawkish bias. This is particularly the case in light of this week's rate cut by the Federal Reserve, which could see the yen strengthening as a result."Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,664.36 +32.40 (+0.49%)Dow 3046,315.27 +172.85 (+0.37%)Nasdaq22,631.48 +160.75 (+0.72%)Russell 20002,448.77 -18.93 (-0.77%)VIX15.45 -0.25 (-1.59%)Gold3,705.80 +27.50 (+0.75%)PortfolioSign in to access your portfolioSign inTop gainersOKLO Oklo Inc. 135.23 +30.26 (+28.83%)BHF Brighthouse Financial, Inc. 57.59 +12.33 (+27.24%)QUBT Quantum Computing Inc. 23.27 +4.92 (+26.81%)MENS Jyong Biotech Ltd. 65.62 +13.87 (+26.80%)SMR NuScale Power Corporation 46.77 +8.65 (+22.69%)Top losersDXCM DexCom, Inc. 67.45 -8.33 (-10.99%)HESM Hess Midstream LP 35.36 -4.12 (-10.44%)VOR Vor Biopharma Inc. 27.24 -3.16 (-10.39%)CART Maplebear Inc. 41.50 -3.90 (-8.59%)ORLA Orla Mining Ltd. 10.22 -0.85 (-7.68%)Most activeOPEN Opendoor Technologies Inc. 9.57 -0.37 (-3.72%)INTC Intel Corporation 29.58 -0.99 (-3.24%)SNAP Snap Inc. 8.16 -0.28 (-3.32%)NVDA NVIDIA Corporation 176.67 +0.43 (+0.24%)BBAI BigBear.ai Holdings, Inc. 6.85 +0.57 (+9.08%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersAAPL Apple Inc. 245.50 +7.62 (+3.20%)OKLO Oklo Inc. 135.23 +30.26 (+28.83%)QUBT Quantum Computing Inc. 23.27 +4.92 (+26.81%)^GSPC S&P 500 6,664.36 +32.40 (+0.49%)^IXIC NASDAQ Composite 22,631.48 +160.75 (+0.72%)Top economic eventsPowered by Money.com - Yahoo may earn commission from the links above.