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
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