The Bank, under the Asset Purchase Program, will additionally purchase financial assets amounting to about 36 trillion yen, mainly JGBs, by the end of this year. Furthermore, from January 2014 onward, it will purchase about 13 trillion yen worth of assets, 2 trillion yen of which will be JGBs, every month without setting any termination date.
We believe that these meetings help us to keep members of the Senate and, through you, all Canadians, informed of the Bank's views on the economy and about the objective of monetary policy and the actions we take to achieve it.