London | Japan is forging ahead with plans to buy up vast quantities of bonds in a bid to support the country’s economy, drawing a stark contrast to other major countries that are exiting stimulus programs.

The Bank of Japan will buy about ¥10 trillion ($107 billion) worth of bonds in June — roughly equal to the US Federal Reserve scooping up $US300 billion worth of debt per month when adjusting for gross domestic product, according to Deutsche Bank calculations.