Reuters logo
BOJ eases policy, expands ETF buying
July 29, 2016 / 4:02 AM / a year ago

BOJ eases policy, expands ETF buying

TOKYO, July 29 (Reuters) - The Bank of Japan expanded monetary stimulus on Friday through a modest increase in purchases of exchange-rated funds, yielding to pressure from the government and financial markets for bolder action to spur growth and accelerate inflation towards its 2 percent target.

But the central bank maintained its base money target at 80 trillion yen ($775 billion) as well as the pace of purchases for other assets including Japanese government bonds.

It also left unchanged the 0.1 percent interest it charges to a portion of excess reserves financial institutions park with the central bank. BOJ Governor Haruhiko Kuroda will hold a news conference at 3:30 p.m. (0630 GMT). ($1 = 103.1500 yen) (Reporting by Leika Kihara, Stanley White, Tetsushi Kajimoto and Minami Funakoshi; Editing by Chang-Ran Kim and Edmund Klamann)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below