Specifically, currently the global liquidity has become a bigger concern than it was in pre-2007 period what with ultralow and near-zero policy rates and major central banks’ balance sheets 1.50 to 3 times their pre-2007 levels, adding about USD 4 trillion in incremental central bank liquidity.
As a result, the size of the Asset Purchase Program increased to about 40 trillion yen from the initial size of about 35 trillion yen. In addition to such pursuit of powerful monetary easing, the Bank has been implementing the Fund-Provisioning Measure to Support Strengthening the Foundations for Economic Growth.