Bank of Japan Details Plan to Buy Assets

The Bank of Japan made no major policy moves at its meeting on Thursday, but said that a plan to spend 5 trillion yen ($61 billion) buying assets was a “strong option” if the outlook for the economy sharply deteriorated. The central bank also moved up its next policy review to begin Nov. 4, right [...]

Japan’s Quantitative Easing May Have Unintended Effects

Quantitative easing (QE) was the catch phrase of the day on Tuesday as the markets digest both the Bank of Japan’s new and possibly radical asset purchase program and rate reduction pair, and the prospect of further QE by the Fed. The Bank of Japan announced on Tuesday that it “decided to implement a comprehensive [...]

BOJ Independence Challenged

Increasing risks to Japan’s recovery prompted what may become the biggest threat yet to the Bank of Japan’s independence as politicians seek to redress its failure to end the deflation entrenched in the economy since 1998. Your Party, an opposition group, plans to submit a bill in the Diet session running through December that would [...]

BOJ Bought Y6.03 Billion Bank-Held Stocks

The Bank of Japan bought Y6.03 billion worth of bank-held stocks between Feb. 23 and May 10, the central bank’s latest account data showed Tuesday. Read more about the Bank of Japan…