BOJ expands stimulus again amid pressure from incoming PM

BOJ expands stimulus again amid pressure from incoming PM

The Bank of Japan eased monetary policy on Thursday by expanding its asset-buying and lending programme, a widely expected move in response to intensifying pressure from incoming premier Shinzo Abe to deliver bolder steps to beat deflation.

The central bank topped up its asset-buying and lending programme by 10 trillion yen (US$118.7 billion) to 101 trillion yen by a unanimous vote, expanding stimulus for the third time in the past four months.

via Business feed http://www.scmp.com/business/banking-finance/article/1108959/boj-expands-stimulus-again-amid-pressure-incoming-pm