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BoJ throws bombshell by easing further

FXStreet (Bali) - The BoJ meeting has concluded its policy meeting, which took much longer-than-expected, with a surprising decision, as the Central Bank expanded its base money target to 80 trln yen from its 60T-70T yen in annual rise in the monetary base, committing to keep easing until the sustained 2% inflation is reached.

Main headlines (via Reuters)

BoJ: Eases further

BoJ: Expands base money target to 80 trln yen

BoJ: Ups jgb buying by 30 trln yen per year

BoJ: To triple pace of annual buying of etfs, jreits

BoJ: To make etfs that track jpx nikkei index 400 eligible for its buying

BoJ: To extend duration of jgbs it holds to about 7-10 years

BoJ: Decision on expanding base money target, extending duration of jgbs holdings made by 5-4 vote

BoJ: To maintain balance of its cp, corporate bond holdings

BoJ: Bboard members morimoto, ishida, sato, kiuchi voted against expanding base money target

BoJ: There were risks shift of deflation mindset may be delayed due partly to downward pressure on prices from oil price declines

USD/JPY hits the roof on surprise BOJ easing

USD/JPY jumped to 110.28 on the back of unexpected BOJ monetary policy decision; it is currently trading at 110.28 from 109.39 registered right before the news hit the wires.
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