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, w
- World’s largest SWF bars investment in four companies for guideline breaches
- ECB needed better data in 2008 crisis, says Lautenschläger
- Brazilian government must respect central bank independence – IMF
- Is the pursuit of a common accounting standard for gold a fool’s errand?
- Seychelles must act fast on money-laundering, says central bank