The BoJ increased the scale of its key asset-purchasing programme by Y5tn to Y70tn . Economic data suggested slowing growth and persistent deflationary forces . Politicians within Japan have been urging the BoJ to do more to fight mild deflation . It also kept interest rates at between zero and 0.1 per cent . Economist : `` We are in a situation where we need to be doing something about deflation.
The BoJ increased the scale of its key asset-purchasing programme by Y5tn to Y70tn . Economic data suggested slowing growth and persistent deflationary forces . Politicians within Japan have been urging the BoJ to do more to fight mild deflation . Economist : `` We are in a situation where we need to be doing something about deflation.