Rather, the reduction in the pace of purchases was a mere reflection of the diminished deflationary tail risks – a Delphic signal embedded in clearer Odyssean forward guidance, if you wish. But the additional easing bias, however important it may be, is unlikely to explain the whole story.
One approach is to diversify the economy by promoting the growth of multiple sectors and industries, reducing dependence on any one industry or market. If international trade and investment is not adequately diversified across countries or regions, declining economic conditions in an individual jurisdiction can have outsized effects.