TOKYO, April 4 The Bank of Japan decided on a
radical overhaul of its policy framework on Thursday, shifting
its target when setting monetary policy to base money from the
current overnight call rate.
The central bank said it will double its holdings of
long-term government bonds and exchange-traded funds while
buying government bonds with all maturities, including 40-year
"The BOJ will conduct money-market operations so that the
monetary base will increase at an annual pace of about 60 to 70
trillion yen ($754 billion)," the BOJ said in a statement.
The decisions were made by unanimous votes.
BOJ Governor Haruhiko Kuroda will hold a news conference
after his debut policy-setting meeting, with his embargoed
comments to come out any time after 4:15 p.m. (0715 GMT).