By Yutaka Iimura,Senior Fellow at GRIPS Alliance,Visiting Professor at National Graduate Institute for Policy Studies,Former Ambassador of Japan to Indonesia and to France
On September 19, 2025, the Bank of Japan (BOJ) made a landmark decision in its monetary policy history. At its Monetary Policy Meeting, the central bank announced that it would begin the gradual sale (disposal) of its long-held exchange-traded funds (ETFs) and Japanese real estate investment trusts (J-REITs).
This article leads off the magazine’s special feature, “Prepare for the ‘Information Warfare Crisis.’” Yet, it is intended neither as an introduction nor as a summary of the other essays following this one.