Apr 26, 2013
BoJ committed to double monetary base in 2 years
In an unprecedented short statement on Monetary Policy held today, the Policy Board of the Bank of Japan decided, by a unanimous vote, to set the following guideline for money market operations for the intermeeting period: "The Bank of Japan will conduct money market operations so that the monetary base will increase at an annual pace of about 60-70 trillion yen" the BoJ stated. Bank of Japan continues its pledge to double the monetary base in 2 years.
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