Bond Purchases to be raised by Bank of Japan as Kuroda takes over control

The newly appointed Governor Haruhiko Kuroda has begun initiatives to end 15 years of deflation by doubling the quantity of monthly bond purchases to reach 2 percent inflation within two years.

Bond Purchases to be raised by Bank of Japan as Kuroda takes over control-global-annal

As Kuroda presided over his first meeting since swearing in the office last month, the board today rationalized its asset purchase programs and temporarily suspended a cap on some bond holdings. The board also dropped a limit on debt maturities. The BOJ will buy 7 trillion yen ($74 billion) value of bonds each month, revealed the central bank in a statement.

Japanese stock exchange has also taken the news positively and shown some recovery following the announcement.

Source: Bloomberg, WSJ

Published by Bhavesh Kumar

A multi-talented professional with diverse experience spanning across Advanced statistical analysis,Python programming with NumPy, pandas, matplotlib, Seaborn, Tableau, Machine Learning with stats models and scikit-learn, Deep learning with TensorFlow, Instructional design, E-learning, journalism (online and broadcast), management consultancy and documentary filmmaking. Worked for the leading international news agencies on feature stories, videography, scripting, programming and editing broadcast news. A creative and analytical mindset focused on executing new-age strategic communication initiatives with all its corresponding elements (clear and coherently written key messages, marketing strategy and predictive analytics) to ensure effective target audience impressions. Also, worked on several primary and secondary market research projects (Market Feasibility Study) for businesses looking for actionable insights.

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