Shinzo Abe, the newly appointed Prime Minister of Japan, is like to put pressure on the country central bank to aggressively move to boost the economic growth in the country.

Abe had run his campaign with a focus on economic policy and favors boosting economic growth in Japan through stimulus. Japan's central bank, the Bank of Japan (BOJ) is expected to announce new plans to buy more government bonds and take aggressive actions to boost the economic growth in the country following the general elections in the country.

The Bank of Japan had said that it is expanding its scheme to purchase treasury bills and government bonds by 10 trillion yen or about $119 billion. The latest addition would take the total to a whooping 101 trillion yen and is aimed at reviving the slowing growth in the world's third largest economy.

Shinzo Abe's Liberal Democratic Party won 294 seats in Japan's 480-member lower house of parliament, according to reports. The new government is expected to make BOJ act more aggressively to take steps to revive the economy. BoJ is also offering unlimited loans to banks in the country boost domestic demand and encourage lending.

The Japanese Yen is falling to its lowest level in months and analysts said that the fall is due to expectations for additional political pressure on the Bank of Japan after this week's elections in the country.