BoJ announces fresh easing measures, yen falls

The Bank of Japan unveiled fresh easing measures on Thursday, sending the yen lower as it wrapped its first policy meeting under a new leader who has vowed to turn around the country’s economy.

The central bank said it would boost its asset purchases, including Japanese government bonds, while pledging to meet a two per cent inflation target within two years, aimed at reversing decades of falling prices.

The BoJ said it would “enter a new phase of monetary easing both in terms of quantity and quality”.

via Business feed http://www.scmp.com/business/money/market-snapshot/article/1206920/boj-announces-fresh-easing-measures-yen-falls