The macroeconomic situation The global economy is continuing to grow at a moderate pace. Growth in the US continues to take root – even though the recent data has been weak, apparently due to the harsh weather. In Europe, the very moderate and fragile recovery is continuing, with some concern of deflation.
● JGBs with all maturities will be made eligible for purchase, and the average remaining maturity of the Bank's JGB purchases will be extended from slightly less than 3 years to about 7 years -- equivalent to the average maturity of the amount outstanding of JGBs issued. 3.