BOJ expands easing steps to cushion virus' economic impact

The Bank of Japan decided Monday to take additional easing steps for the second straight month, including abolishing its limit on buying government bonds and further expanding its asset-purchasing program, to cushion the economy from the impact of the novel coronavirus pandemic.The BOJ said in a statement it scrapped its annual ceiling of 80 trillion yen ($745 billion) on the amount by which it can increase its balance of government bond holdings to provide ample liquidity to stabilize the financial markets and stem a possible surge in yields."The BOJ will buy an unlimited amount of governm…READ FULL ARTICLE