The Bank expanded the total amount of the Program in February and April so that the amount outstanding of the Program will reach about 70 trillion yen by the end of June 2013. The current amount outstanding of the Program is 53 trillion yen.
It’s a matter of adjusting the long-term funding conditions, notably (but not only) in the so-called periphery countries which are in most need of this support. If QE fails, you won’t have any more ammunition. Throughout the crisis, the ECB has devised efficient instruments to face up to new situations, while remaining within the framework of its mandate.