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Expansion of "Quantitative and Qualitative Monetary Easing" (October 31, 2014).

Bank of Japan (Policy Board, Monetary Policy Meeting)

Claims Supported by This Source

  1. 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).
  2. 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.
  3. ETFs approx. 3 trillion yen/year, J-REITs approx. 90 billion yen/year (a threefold increase for each).

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