An additional 10 trillion. The Bank of Japan will send yen to buy government bonds, thus increasing the program to repurchase up to 80 trillion of assets. yen.
For market participants, the expected message about similar measures later this year, the Bank of Japan's decision was unexpected. Similar actions of U.S. and European banks could affect the urgency of making a decision.
06.09.12 European Central Bank officially announced the intention of the intervention in the bond market. Volume buying bonds will be unlimited. As noted by Mario Draghi, head of the ECB, the regulator will operate exclusively in the secondary market.
The U.S. Federal Reserve (Fed), a week later, announced a new phase of "quantitative easing" (QE3). Scheduled monthly buying of mortgage bonds in the U.S. $ 40 billion. As detailed later, William Dudley, the head of the New York Federal Reserve Bank, will continue the third round of "quantitative easing", while in the United States will not be restored economic development.
50% of the 10 trillion. yen the Bank of Japan will be used to buy long-term bonds until December 2013, and another 5 trillion. yen will be spent for the purchase of short-term bonds until June 2013. the actions of the regulator market reacted positively. According to trade 19.09.12 Nikkei 225 index rose 1.2% - in the 2nd half of the trading session, there was an increase, after the publication of the notice of redemption of assets.
Yen against the dollar fell to one-month low - as at 14.00 Moscow time, the dollar exchange rate was 79 yen. The weakening of the national currency - this is a positive factor for Japan, because this year the strong Japanese currency exporters significantly harmed.