Japan 'clarifies' monetary policy stance amid criticism

bankofjapan

The Bank of Japan unexpectedly increased the size of its asset purchase programme today (February 14) by ¥10 trillion ($128 billion), taking the stimulus fund's value to about ¥65 trillion. The central bank said it wanted to "clarify" its monetary policy stance as it also set a 1% inflation goal.

The increase in the programme was "earmarked for the purchase of Japanese government bonds", according to the bank's policy board.

The central bank has increased the asset purchase programme steadily

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