At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan decided, upon the following measures: (1) Accelerating the page of the increase in monetary base by a vote of 5-4 The Bank of Japan will conduct money market operations so that the monetary base will increase at an annual pace of about 80 trillian yen (an addition of about 10-20 trillian yen compared with the recent past) (2) Increasing asset purchases and extending the average remaining maturity of the Japanese Govt bond market (JGB) purchases by a 5-4 vote. The bank will purchase JGBs so that their amount outstanding will increase at ... (full story)