BoJ minutes outline central bank's QE strategy

bank-of-japan

Minutes from the Bank of Japan's monetary policy meeting published on Monday offers insight into the enlargement of the central bank's asset purchase programme as it moves to buy assets with longer maturities.

On August 4, all nine members of the Policy Board voted in favour of an action to increase its asset purchases by ¥10 trillion ($129 billion), taking the size of its programme to ¥50 trillion.

Minutes from the meeting show that Policy Board members expressed concern at the fiscal problem

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