BOJ to mull additional monetary easing at next policy meeting

January 12, 2013 3:05 am 

TOKYO, Jan. 12 — The Bank of Japan will consider further easing monetary conditions at its next policy meeting from Jan. 21 to 22 in tandem with the government's just-adopted economic pump-priming package in a bid to combat deflation and the yen's strength, sources close to the matter said Friday.

With the additional easing steps, the central bank will aim to demonstrate its determination to carry out powerful monetary easing under a 2 percent inflation target that is currently being mulled, the sources said.

The additional easing measures to be pondered at the meeting are likely to center on expanding the central bank's asset purchase program by around 10 trillion yen, after the BOJ's decision at its previous meeting last month to increase the program by 10 trillion yen to a total of 101 trillion yen by the end of 2013, the sources said. (PNA/Kyodo)

CTB/RSM

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