Bank of Japan moves to boost economy

posted on December 18, 2015

Policymakers at the Bank of Japan have decided to introduce supplementary measures in an effort to further boost the country's economy.

The decision came at a 2-day meeting that ended on Friday.

The Bank will establish a new program for purchasing ETFs at an annual pace of about 300 billion yen.

The Bank will also extend the average remaining maturity of its Japanese Government Bond purchases.

Policymakers have been trying to hit the bank's 2-percent inflation target. The new measures illustrate the Bank's determination to continue supporting the economy.

source by NHK
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