In a turn of major monetary policy, the Bank of Japan (BoJ) has announced its move to begin selling off exchange-traded funds (ETFs) it holds. This step, taken by BoJ, is seen as its attempt to ease the unprecedented stimulus measures it had put in place during economic downturns. It's too early to predict the ultimate impact, but it marks a significant pivot in Japan's approach to economic management.

The Bank of Japan heavily invested in ETFs to stimulate Japan's economy and as part of its quantitative easing policy. Therefore, its decision to start selling is a noteworthy milestone. Japanese experts and the public are watching closely to assess the impact on the market stability and the overall economy. The move signals confidence in the economy's health but could also create volatility in the short term.

In the US or EU, Central Banks also utilize tools like ETF purchases to stabilize the economy. Their decisions to buy or sell are also closely monitored as potential indicators of economic health. However, the scale of BoJ's ETF buying has been much larger relative to the size of its economy. Thus, its selloff may produce more pronounced impacts.