1  For more details on the Bank’s measures to enhance monetary easing in February 2012, please see Masaaki Shirakawa, “The Bank of Japan’s Efforts toward Overcoming Deflation” (Speech at the Japan National Press Club in Tokyo), February 17, 2012. http://www.boj.or.jp/en/announcements/press/koen_2012/ data/ko120217a1.pdf  4  BIS central bankers’ speeches  Through these measures, the Bank intends to proceed with and complete its purchase of financial assets under the Program, amounting to about 65 trillion yen by the end of 2012 and about 70 trillion yen by the end of June 2013 (Chart 3).
Given that the amount outstanding of the Program has recently been about 51 trillion yen, the Bank is to accumulate nearly 20 trillion yen worth of financial assets in over a year from now and is currently in the process of enhancing monetary easing every month.