Japan Adds 5 trillion to Quantitative Easing Program

The Bank of Japan announced an expansion of its Asset Purchase Program (quantitative easing) of 5 trillion yen, to a new total of 55 trillion yen; with the increase designated for purchase of Japanese government bonds (JGBs). The Bank said: "some more time will be needed to confirm that price stability is in sight and due attention is needed for the risk that the economic and price outlook...