Since the establishment of the Program, the Bank has expanded its size successively, including in February and April of this year, so that the outstanding amount of asset purchases would reach about 65 trillion yen by around the end of 2012 and about 70 trillion yen by around the end of June 2013, thereby contributing to the pursuit of powerful monetary easing.
As supervisors, we must always strive to minimize these differences and reduce burden on bankers as they conduct business across national borders. However, bankers must also realize that national boundaries still matter, and that some differences in capital requirements across countries will remain.