The reasoning behind BOJ&#x27;s move was to force banks to actually lend some money to people<i></i>*<p>Getting funding to start a business in Japan is rather hard. The good old fashioned way was to get a loan from the bank. Japanese banks simply prefer to avoid risk at all costs, deposit a pile of cash with BOJ and collect almost 0 interest :) Better than those risky loans.<p><i></i>* and of course it doesn&#x27;t hurt to weaken the currency while at it. Everyone and their dog are doing this and it is getting really hard to be the one weakening the currency the hardest.