"The Bank will purchase Japanese government bonds (JGBs) so that their amount
outstanding will increase at an annual pace of about 80 trillion yen. With a view to
encouraging a decline in interest rates across the entire yield curve, the Bank will conduct
purchases in a flexible manner in accordance with financial market conditions. The
average remaining maturity of the Bank's JGB purchases will be about 7-10 years.
....
With regard to the outlook, Japan's economy is expected to continue its moderate recovery trend. The year-on-year rate of increase in the CPI is likely to be about 0 percent for the time being, due to the effects of the decline in energy prices.
Risks to the outlook include developments in the emerging and commodity-exporting economies, the prospects regarding the debt problem and the risk of low inflation rates being protracted in Europe, and the pace of recovery in the U.S. economy."
Source of Extracts: March 17, 2015 Bank of Japan Statement on Monetary Policy
....
With regard to the outlook, Japan's economy is expected to continue its moderate recovery trend. The year-on-year rate of increase in the CPI is likely to be about 0 percent for the time being, due to the effects of the decline in energy prices.
Risks to the outlook include developments in the emerging and commodity-exporting economies, the prospects regarding the debt problem and the risk of low inflation rates being protracted in Europe, and the pace of recovery in the U.S. economy."
Source of Extracts: March 17, 2015 Bank of Japan Statement on Monetary Policy
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