In the latter half, I will explain the Bank’s basic thinking on monetary policy conduct, focusing on its two programs: the Asset Purchase Program, the total amount of which the Bank at the end of October decided to increase for the second month in a row; and the Loan Support Program, which it decided to newly establish. I.
Developments in overseas economies  Deceleration in overseas economies becoming more severe Looking at developments in overseas economies since the second half of 2011, the negative impact of the European debt problem has spread globally through the effects on trade and business sentiment. As a result, economic activity in many countries and regions, especially in the manufacturing sector, has remained in a deceleration phase.