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From:
Wolf Street
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Bank of Japan Balance Sheet QT Accelerates: -$148 Billion in Q3, -$407 Billion fr. Peak. Will Sell ETFs, REITs. Sold all Bank Stocks
https://wolfstreet.com/2025/10/07/bank-of-japan-balance-sheet-qt-accelerates-148-billion-in-q3-407-billion-from-peak-will-sell-etfs-reits-sold-all-bank-stocks/
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Its holdings of commercial paper & corporate bonds are nearly gone. The BOJ is cleaning up its balance sheet.