BOJ moves to end deflation in Japan.

As expected, the Bank of Japan has bowed to huge political pressure and announced further easing measures designed to pull the country out of deflation. The BOJ doubled the inflation target to 2% and said it will start Fed-style open-ended asset purchases of ¥13T ($144.77B) a month, but only starting in January 2014. The delay in the new program helped cause Japanese stocks to close -0.3%.