Economics
Guide to What the BOJ Is Changing, and What It's Not
- The `key point' is that the main stimulus program is unchanged
- There are tweaks to purchases of JGBs, J-REITs and stocks
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The Bank of Japan surprised economists today by making operational changes to its unprecedented monetary-stimulus program. Here’s what has changed as a result of the announcement:
The target for overall asset purchases hasn’t shifted. The BOJ still plans to boost the monetary base by an annual rate of 80 trillion yen ($656 billion). The bank reiterated that it will maintain its "quantitative and qualitative monetary easing" as long as needed to maintain its 2 percent inflation target “in a stable manner.”