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A two day meeting. They said they are going to adopt a target for long term Interest Rates in an effort to meet their inflation goal as soon as possible. They say they will abandon their base money target and instead set what they call yield curve control. That involves central bank purrs of bonds to keep egbs at current levels of 0 . They will purchase them in line with the current pace of about 780 billion worth. But they also note that the pace of increase in the Monetary Base may fluctuate in the short run depending on market conditions. In the short term the boj will apply a negativeinterestrate. The policymakers decided to abandon the current two year time frame for achieving their 2 inflation goal. They now say they are aiming to hit at the earliest possible time. Boj policymakers first set the target in 2013 but they have continued to fail to meet it and have been pushing back the date. Policymakers carried out a comprehensive assessment of the banks easing steps including nega

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