At the Monetary Policy Meeting held last week, the Bank, with a view to responding to the downside risks to the economy that I  BIS central bankers’ speeches  1  described earlier, decided to increase the total size of the Program by about 10 trillion yen, to about 50 trillion yen.
Second, the Bank has been making efforts to ensure financial market stability. Third, in order to meet the biggest challenge for Japan’s economy, which is the strengthening of the foundations for economic growth, the Bank has been providing funds to private financial institutions that make lending and investment consistent with the policy goal.