BOJ to mull QE

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 other measures. The intensifying speculation about further easing from the BOJ helped weaken the yen earlier and send Tokyo shares sharply higher.