BoJ Increases Easing Program by $119 billion

The inflation target was left untouched at 1%, but it is one of the points under discussion as Shinzo Abe has hinted heavily he prefers a 2% target.

Japan’s central bank will buy more government bonds, and review its inflation target next month, as it faces increasing pressure to take more aggressive action to revive growth in the world’s third largest economy.
The Bank of Japan announced Thursday that it was adding 10 trillion yen ($119 billion) to its program to buy treasury bills and government bonds, taking the total to 101 trillion yen. It was the fifth time this year the bank has increased the ceiling to inject more funds into the economy.

via CNBC

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