BOJ set 2pc inflation target with endless purchase program
(01-22 11:58)
The Bank of Japan made final arrangements Tuesday on a joint written agreement on policy coordination with the government at its board meeting, during which it set a 2 percent inflation target.
"The bank will will pursue monetary easing and aim to achieve the [price stability] target at the earliest time as possible,'' the central bank said after the two-day meeting.
BOJ has also introduced the "open-ended asset purchasing method" to buy 13 trillion yen of assets without setting any terminating date, after the current purchasing program is complete by the end of this year.
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