BOJ to boost asset buying by at least Y10tr

The Bank of Japan is expected to ease monetary policy next week by expanding asset purchases and may make a stronger commitment to continue pumping cash until 1 per cent inflation is achieved, sources say, as slumping exports heighten pressure for bolder action to support an economy on the verge of recession.

Central bankers broadly agree on the need to expand stimulus for the second straight month on Oct. 30, with the most likely option to be an increase to its asset buying and lending programme by at least 10 trillion yen (US$125 billion).

via Business feed http://www.scmp.com/business/economy/article/1070211/boj-boost-asset-buying-least-y10tr