BoJ: Will take additional easing steps without hesitation as needed

BoJ will sharply increase JGB buying amount.

Leaves unchanged forward guidance on interest rates, says expects short-and long-term policy rates to remain at 'present or lower' levels.

Leaves unchanged its guidance on policy bias, says it will take additional easing steps without hesitation as needed with eye on pandemic's impact on economy.

Will review operation of YCC.

Will aim to achieve price target by enhancing sustainability of monetary easing under this framework through these steps

Japan's economy picking up.

Inflation expectations heightening.

Japan's economy expected to recover as impact of pandemic, supply constraints subsides.

Must be vigilant to financial, fx market moves and their impact on Japan's economy, prices.

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