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Its part of abes plan to tackle deflation with bolder, monetary easing measures. Bank of japan and eight others agreed on it saying they. Boj officials have previously made it a goal to bring 1 inflation within reach but the new, clearer target requires some bold steps. The document also addresses the role of the government in revitalizing japans economy. It describes how politicians should promote growth and restore fiscal health. Along with drafting the joint statement, boj officials have agreed to introduce openended asset purchasing. Under a new program from january 2014 the central bank will purchase a certain amount of Financial Assets every month. No termination date is being set for the scheme. The new measure will expand the total size of the asset purchase program, or app, by about 10 trillion yen, or 110 billion, in 2014. The program is expected to be maintained in the future. Following the meeting
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