Bank of Japan increases QE by around 10 trillion yen

The Bank of Japan announced that board policy is to expand its program of asset purchases of approximately 10 billion yen of ¥ 40,000,000,000,000 taking 50 million yen.

The Policy Board also announced that it would not change interest rates in Japan from 0% to 0.1%.

Japan's economy continues to recover gradually in the wake of the earthquake that hit the country earlier this year.

However, the central bank of Japan has warned of high uncertainty about the future of the global economy, like the United States adhere to its debt ceiling, and the debt crisis of the state in the euro area refuses to die.

Council policy on the need to help the economy of the transition path of growth recovery, the primary cause an additional burden on monetary policy set by adding the asset purchase program 10 trillion yen.

Bank of England in the UK has decided to leave both the interest and its own program to purchase asset QE unchanged at 0.5% and £ 200 billion.