BoJ Increases Easing Program by $119 billion

The inflation target was left untouched at 1%, but it is one of the points under discussion as Shinzo Abe has hinted heavily he prefers a 2% target.

Japan’s central bank will buy more government bonds, and review its inflation target next month, as it faces increasing pressure to take more aggressive action to revive growth in the world’s third largest economy.
The Bank of Japan announced Thursday that it was adding 10 trillion yen ($119 billion) to its program to buy treasury bills and government bonds, taking the total to 101 trillion yen. It was the fifth time this year the bank has increased the ceiling to inject more funds into the economy.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza