At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan decided upon the following. (1) The introduction of the "quantitative and qualitative monetary easing" The Bank will achieve the price stability target of 2 percent in terms of the year-on-year rate of change in the consumer price intex (CPI) at the earliest possible time, with a time horizon of about two years. In order to do so, it will enter a new phase of monetary easing both in terms of quantity and quality. It will double the monetary base and the amounts outstanding of Japanese government bonds (JGBs) as well as ... (full story)