Bold New BOJ Steps Priced in as Five-Year Rallies

Bold New BOJ Steps Priced in as Five-Year Rallies

Akio Kon/Bloomberg

The Bank of Japan, seen here, is set to adopt the 2 percent inflation target advocated by Prime Minister Shinzo Abe, doubling its existing goal of 1 percent without setting a deadline for achieving it, according to people familiar with BOJ officials’ discussions.