Indeed, looking back at the track record of the Bank of Japan’s monetary policy conduct, the Program started off at a size of about 35 trillion yen, with purchases of financial assets expected to be completed by end-2011. At present, its size has become about 91 trillion yen and its timeframe has been extended until end-2013.
We strongly encourage you to comment on all aspects of the Basel II NPR, so that we have a well-informed basis for further development of the Basel II framework. 6  BIS Review 25/2006