SOURCE ROOM
Expansion of "Quantitative and Qualitative Monetary Easing" (October 31, 2014).
Bank of Japan (Policy Board, Monetary Policy Meeting)
Claims Supported by This Source
- Expanded the pace of increase in the monetary base to about 80 trillion yen annually (an addition of about 10-20 trillion yen) (5 votes in favor, 4 against).
- Increased the pace of growth in the outstanding balance of long-term JGB holdings to about 80 trillion yen annually (an addition of about 30 trillion yen). The average remaining maturity was extended to about 7-10 years.
- ETFs approx. 3 trillion yen/year, J-REITs approx. 90 billion yen/year (a threefold increase for each).
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