EU draft sets out fines of up to 6% for unfair digital sales practices
The proposed Digital Fairness Act would restrict manipulative website designs and personalized advertising aimed at children or vulnerable consumers.
BOJ sees 1 trillion yen in extra annual ETF proceeds, minister says
Japan plans to use proceeds for economic security investment, but the amount reaching government coffers remains uncertain.
Faster sales of exchange-traded funds by the Bank of Japan are expected to bring in about 1 trillion yen in additional proceeds annually, Finance Minister Satsuki Katayama said on November 10, citing the central bank's estimate.
The estimate does not establish how much the government will receive. Katayama said the remittance would depend on calculations at the fiscal year-end and budget procedures. The central bank transfers part of its annual net profit, which includes earnings from ETF disposals, to the government.
On October 30, the BOJ raised its annual ETF sales amount from 330 billion yen to 860 billion yen, measured at book value. Prime Minister Sanae Takaichi has outlined plans to direct proceeds toward investment in sectors considered essential to Japan's economic security, as the government looks for revenue without excessive reliance on issuing debt.
Katayama emphasized that the central bank alone has authority under the law over ETF disposals and other monetary policy operations. She said government expectations about profit transfers would not affect the BOJ's operations.