Abernomics takes another hit to its economic recovery story as in an
unexpected move the JCB eased monetary policy, sending the market to a seven year high.The Bank of Japan said it would increase its asset purchases by between 10 trillion yen and 20 trillion yen ($90.7 billion to $181.3 billion) to about 80 trillion yen ($725 billion) annually.
The absence of inflation, falling oil prices and a weak job market were reasons some analysts cited for the added stimulus as Japan faces another proposed national sales tax increase next year.
That may be off now given the weakness of the latest report for September.
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