BOJ Meeting

The Bank of Japan kept overnight rates at 0.0-0.1% and introduces quantitative qualitative easing, pledging to buy JPY 7trl of bonds per month-a faster rate than expected. 40 year JGB's are now eligible  for bond purchases and the BOJ are to double the holdings of JGB's and ETF's  in two years . with the aim of increasing the monetary base at an annual pace of JPY 60-70trl. The BOJ unanimously agreed to bring forward the timing of open-ended asset purchases and extending the duration of JGB's targetted.
Here is the move from this mornings announcement.