3. More Japanese stimulus

  • Bank of Japan announce expansion of its monetary easing programme; boosting global stocks.
  • BoJ to increase monetary base expansion target from between 60 and 70 trillion yen to 80 trillion yen.
  • BoJ Governor Haruhiko Kuroda and four other board members voted for enhanced base target. 
  • BoJ attempting to meet inflation target of 2 per cent; easing strategy part of wider 'Abenomics' programme.