BoJ expands asset purchase programme
The policy board of the Bank of Japan today (September 19) voted to increase the size of its asset purchase programme by about ¥10 trillion ($127 billion), bringing the total value to about ¥80 trillion.
"These measures in pursuit of powerful monetary easing will make financial conditions for such economic entities as firms and households even more accommodative," the BoJ said. The effect would be mainly through a decline in long-term interest rates and a reduction in risk premia, the minutes
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