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The BOJ set the price stability target at 2% (year-on-year rate of change in the consumer price index). The government expects the BOJ to implement
The BOJ set the price stability target at 2% (year-on-year rate of change in the consumer price index). The government expects the BOJ to implement aggressive monetary easing to achieve this target as soon as possible. The BOJ is buying long-term government bonds and increasing the monetary base, in contrast to previous attempts at an expansionary monetary policy which mainly focused on buying short-term government bonds
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