Bank of Japan proceed with QE

Bank of Japan proceed with QE, BOJ: The BOJ Policy Board announced that it is to keep the Japanese interest rates steady at between 0% and 0.1%.

Last month, the Policy Board surprised most forecasters reducing rates the long-standing 0.1%, and maintaining the new lower rate was agreed unanimously.

At that time, the Bank of Japan also said it was considering a value of quantitative easing program around Y5, 000bn.

Now he has decided that the scale of the total program of quantitative easing will be Y35 billion, including asset purchases of Y5 billion.

The Bank of Japan also announced it was set before the next meeting of Policy Council in mid-November to early November, to work out the details and further discuss the nature of the regime of quantitative easing.

The prospect of new quantitative easing British had been speculated on, but it now seems less likely given the better than expected growth of 0.8% in the third quarter.