Through this measure, the Bank aims to encourage a decline in longer-term interest rates and various risk premiums. The Program has increased to a total of 55 trillion yen after being repeatedly expanded in size, and the Bank is proceeding with its purchases of various financial assets amounting to approximately 15 trillion yen in the period until the end of next year.
2  BIS central bankers’ speeches  Second, the Bank has been ensuring financial market stability. This becomes especially important at a time like this given the increasing anxiety in global financial markets due to the sovereign debt problem in Europe.