11  Japan's Economy and Monetary Policy Speech at a Meeting with Local Leaders in Tokushima  December 8, 2021 AMAMIYA Masayoshi Deputy Governor of the Bank of Japan  Introduction I. Economic Developments II. Price Developments III. Financial Conditions surrounding Firms and the Bank's Conduct of Monetary Policy IV. Current Situation of and Outlook for Tokushima Prefecture's Economy  Chart 1  I.
As far as the ECB’s QE programme is concerned, ECB holdings amount to € trillion under the Public Sector Purchase Programme (PSPP), while total purchases under the Asset Purchase Programme (APP) amount to € trillion, and the APP is expected by the majority of economists to come to a close by year-end.