Colosseum a.s. (Colosseum a.s.)
Commodities  |  January 22, 2013 15:49:28

Japan's central bank plans to buy huge securities

ColosseumBank of Japan today agreed the inflationary target of Level 2 percent. This should be taken "very soon". BOJ also said that from January 2014, every month, buy the securities of a total of 13 trillion yen (145 billion USD). Wants to buy initially, mainly government bonds. The information is a slight disappointment for markets, as was expected sooner the starting point for the program of the quantitative easing. Japanese yen against the U.S. dollar today, appreciating by 0.8 percent to Y 88.89 per U.S. $ 1.

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