Bank of Japan Votes to Expedite Japan's Economic Collapse

In a move derived from an attempt to win political points and the ignorance of monetary history, members of the Bank of Japan decided to embark on an open ended asset purchasing program and adopt a 2% inflation target. The vote was 7-2 in favor of the measures, as apparently a minority on the council realized that actually reaching a 2% inflation level would cause a rise in interest rates and make the process of refinancing their debt completely unsustainable. Also, there's the small issue of the entire Japanese banking system collapsing as banks are the primary holders of JGBs.