The Japanese economy has been in and out of recession since 1989. Interest rates are among the lowest in the world. So the Bank of Japan followed the FED and announced an increase in its QE : the amount of bond purchases has been increased from 70 to 80 tr yen (by about $125bln).
Do not pay attention to the currency problem mentioned in the article; it is a red herring. Japanese Yen has appreciated in recent years; its depreciation is needed by the Japanese industry and will not surprise anyone, nor will it invite retaliation.
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