BIS central bankers’ speeches  3  decided to increase the size of the Asset Purchase Program (hereafter, the Program) by about 11 trillion yen, from about 80 trillion yen to about 91 trillion yen.
Second, it established a new lending facility called the “Stimulating Bank Lending Facility.” In the following, while I will mainly discuss our monetary policy decision on October 30, in order to facilitate a better understanding of the aim and content of such a decision, I will start by concisely explaining how a monetary easing policy permeates the economy and prices.