BOJ eyes open-ended asset buying, agrees new inflation goal | Reuters

BOJ eyes open-ended asset buying, agrees new inflation goal
| Reuters

The central bank will also discuss at its policy review on Monday and Tuesday, scrapping interest it pays on banks' reserves, a move that will nudge money market rates to zero, according to the sources.

 

Faced with relentless pressure from Prime Minister Shinzo Abe to do more to pull Japan out of deflation, the BOJ is expected to double its inflation target and ease policy again at a two-day policy review that ends on Tuesday.