What new stimulus measures did the Bank of Japan announce?

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Bank of Japan Enhances Stimulus Measures with Unlimited Bond Purchases and Eased Debt Acquisition Rules

The Bank of Japan (BoJ) has significantly expanded its monetary stimulus to mitigate the economic impact of the coronavirus pandemic. This includes a commitment to purchase an unlimited quantity of government bonds, removing the previous annual target of 80 trillion yen. Furthermore, the central bank has increased its acquisitions of corporate and commercial debt and relaxed the eligibility criteria for debt purchases.
Unlimited Government Bond Purchases

In a move to provide robust financial support, the BoJ pledged to buy government bonds in unlimited amounts. This represents a substantial departure from its prior commitment, which had a target of 80 trillion yen per year. This policy aims to ensure ample liquidity in the market and maintain stable long-term interest rates.
Increased Purchases of Corporate and Commercial Debt

Beyond government debt, the Bank of Japan has also intensified its support for the private sector. The central bank sharply raised its purchases of corporate and commercial debt. This measure is intended to facilitate access to funding for businesses and prevent credit crunches during the economic downturn.
Eased Debt Eligibility Criteria

Complementing the increased purchase volumes, the BoJ has also eased the rules regarding which debt instruments qualify for its acquisition programs. This broader scope allows the central bank to engage more flexibly with a wider range of debt securities, thereby enhancing the effectiveness of its stimulus efforts.

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What new stimulus measures did the Bank of Japan announce?

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