Kuroda unveils radical plan to end Japanese deflation

The Bank of Japan (BoJ) today unveiled aggressive new monetary easing measures that took markets by surprise, going much further than many had anticipated.

The first monetary policy meeting since Haruhiko Kuroda took over as governor saw the central bank decide to target an expansion of the monetary base that could end up being five times larger than that delivered in 2012. The BoJ will now aim for an expansion of ¥60–70 trillion ($630–730 billion) a year, planning to double the monetary base, w