Bank of Japan stimulus move 'exceeded expectations'


The Bank of Japan has said it will dramatically expand the country's money supply, as it tries to stimulate growth in the world's third-largest economy.

The central bank vowed to boost an asset purchase programme and meet a 2% inflation target in two years, after a two-day meeting, the first chaired by new governor Haruhiko Kuroda.

Japan's economy has been battling more than a decade of falling prices.

The BBC's Rupert Wingfield-Hayes said that the Bank of Japan's announcement of such a bold strategy had exceeded the expectations of many analysts.

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.