Economics
BOJ Cash Seen Catching Fed on Expanded Stimulus: Japan Credit
This article is for subscribers only.
The Bank of Japan will probably boost currency in circulation by more than 50 percent by the end of 2015, catching up with the Federal Reserve, amid forecasts for extra stimulus.
The monetary base will increase to 340 trillion yen ($3.29 trillion) at the end of next year, from 220 trillion yen last month, the median estimate of nine economists in a Bloomberg News survey shows. That would close the gap with the $3.91 trillion in the U.S. as of March. Reserve Bank of Australia Governor Glenn Stevens said last month the BOJ may soon outpace the Fed if it adds to so-called quantitative easing.