If I understand this correctly. Unlimited qe until 2% inflation hits. Well played boj. Let's hope you don't run out of money.
BOJ announcement: To abandon monetary base target
Bank of Japan September monetary policy meeting announcement •Keeps negative rate unchanged •To expand monetary base until inflation stable above 2% •To modify its policy framework •Adopts QQE with yield curve control •To keep buying JGBs so balance of its holdings increases at annual pace of 80 trln yen •Introduces new market ops for yield curve control •Depending on market conditions may set JGB purchase size per auction to fixed amount or unlimited amount •Purchasing yields will be set per auction by indicating the spread from the benchmark yield which BOJ determines separately •Makes amendment ... (full story)