The BOJ’s target of increasing the monetary base The BOJ has decided to increase the monetary base by 60 trillion yen to 70 trillion yen to meet the target of doubling the monetary base within two years.

Source: The Japan Times, 5 November 2013 Think about Japan’s monetary base:

Why does the Bank of Japan want to double the monetary base?

Will doubling the monetary base result in a doubling of the quantity of money?

What effect do the currency drain ratio and the desired reserve ratio have on the quantity of money created when the monetary base doubles?