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May 22, 2015BANK OF JAPAN MONETARY POLICY The Policy Board of the Bank of Japan decided the expansion of monetary base will continue at an annual rate of about 80 trillion yen. Asset purchases will continue for Japanese government bonds (80 trillion yen/year) with an average maturity of 7-10 years, exchange-traded funds (3 trillion yen/year) and real estate investment (90 billion yen/year). The BoJ will maintain holdings of commercial paper and corporate bonds at 2.2 trillion yen and 3.2 trillion yen respectively.
The board stated that Japan's economy is expected to continue recovering moderately. Energy prices appear to have a dampening effect on overall year over year consumer price increases.
Source: Bank of Japan