The Bank of Japan will reportedly consider making a Fed-like open-ended pledge to purchase...

|By:, SA News Editor

The Bank of Japan will reportedly consider making a Fed-like open-ended pledge to purchase assets until it reaches a new inflation target of 2%. At a policy meeting next week, the BOJ is also expected to increase its asset-buying by ¥10T ($112B), and it might discuss halting the 0.1% interest it pays to financial institutions for holding their reserves as it looks to further push down interest rates and weaken the yen.