By fully implementing the Program, including the additional expansion decided at the latest Monetary Policy Meeting held on February 13 and 14 by the end of 2012, the amount outstanding of the Program will be increased by about 22 trillion yen from the current level of around 43 trillion yen.
The Program has been established with the aim to create additional monetary easing effects by encouraging a decline in longer-term interest rates and a reduction in various risk premiums in a situation where there was little room for further declines in short-term interest rates.