The Bank and the country know they can count on them. Monetary policy in the euro area Conditions on the global financial markets have improved, but the world economy has yet to return to a steady growth path. The economic situation differs markedly in the main regions. The major emerging countries are still growing at rapid rates.
Adding these values together, the total amount of the Bank’s holdings was approximately 73 trillion yen at the end of April 2012, is expected to total 92 trillion yen at the end of this year, thereby exceeding the amount of banknotes in circulation, and reach 97 trillion yen at the end of June next year (Chart 7).