Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Australia 07 07 - Central bank financing government AUD 150,000,000,000 93,269,999,936
Australia 07A 07A - Direct lending and reserve drawdown AUD
Australia 07B 07B - Secondary purchase: government securities AUD 150,000,000,000 93,269,999,936 RBA. https://www.rba.gov.au/media-releases/2020/mr-20-13.html (accessed on 14 May 2020); RBA. https://www.rba.gov.au/covid-19/ (accessed 3 June 2020); RBA. https://www.rba.gov.au/media-releases/2020/mr-20-17.html (accessed 8 July 2020); RBA. https://www.rba.gov.au/media-releases/2020/mr-20-20.html (accessed 01 September 2020); RBA. https://www.rba.gov.au/media-releases/2020/mr-20-24.html (accessed 07 October 2020); RBA. https://www.rba.gov.au/speeches/2020/sp-gov-2020-11-03.html (accessed 04 November 2020); RBA. https://www.rba.gov.au/media-releases/2021/mr-21-01.html (accessed 3 February 2021); RBA. https://www.rba.gov.au/media-releases/2021/mr-21-03.html (accessed 3 March 2021).

(i) April 2020, The RBA has announced yield targeting on 3-year government bonds at 0.25% through purchases of government bonds in the secondary market. On 5 May 2020, RBA has purchased AUD50 billion of Australia Government securities (AGS) and semis in the secondary market. 5 May, 2 June, 7 July, 1 September, and 6 October 2020, the RBA announced that it will maintain the current policy setting. 3 November 2020, RBA announced that it will reduce the 3-year yield target rate from 0.25% to 0.10%. On 2 February and 2 March 2021, the RBA announced that it will maintain the current policy setting at 0.10%; (ii) 3 November 2020, The RBA announced that it intends to purchase AUD100 billion of government bonds issued by the Australian Government as well as by the states and territories when the current bond purchase program is completed in mid April 2021.

Austria 07 07 - Central bank financing government EUR
Austria 07A 07A - Direct lending and reserve drawdown EUR
Austria 07B 07B - Secondary purchase: government securities EUR
Belgium 07 07 - Central bank financing government EUR
Belgium 07A 07A - Direct lending and reserve drawdown EUR
Belgium 07B 07B - Secondary purchase: government securities EUR
Canada 07 07 - Central bank financing government CAD 384,564,000,000 275,623,723,347
Canada 07A 07A - Direct lending and reserve drawdown CAD 115,008,000,000 82,428,238,667 Bank of Canada. https://www.bankofcanada.ca/rates/banking-and-financial-statistics/bank-of-canada-assets-and-liabilities-weekly-formerly-b2/ (accessed 10 June 2020).

BoC purchases of T-bills were in the primary market as they were auctioned; As of 17 March 2021, current T-bill holdings have increased by CAD19.421 billion since the end of February 2020, with the maximum increase occurring on 29 July 2020 at CAD115.008 billion.

Canada 07B 07B - Secondary purchase: government securities CAD 269,556,000,000 193,195,484,680 Bank of Canada. https://www.bankofcanada.ca/rates/banking-and-financial-statistics/bank-of-canada-assets-and-liabilities-weekly-formerly-b2/ (accessed 10 June 2020).

(i) Government of Canada Bond Purchase Program (GBPP): Purchases will begin with a minimum of CAD5 billion per week across the yield curve. The program will be adjusted as conditions warrant but will continue until the economic recovery is well underway; on 28 October 2020, BoC announced purchases would gradually decline to CAD4 billion per week; As of 17 March 2021, the increase in government bonds owned by BoC has risen to CAD265.305 billion since the purchases in response to COVID-19 began, which is also the peak figure; (ii) 3 June 2020, Bank of Canada began purchasing Government of Canada Real Return Bonds; as of 17 March 2021, the purchased amount is CAD4.071 billion; the peak figure of CAD4.251 billion occurred on 17 February 2021 (pre-COVID BoC did not hold government real return bonds).

Cook Islands 07 07 - Central bank financing government NZD
Cook Islands 07A 07A - Direct lending and reserve drawdown NZD
Cook Islands 07B 07B - Secondary purchase: government securities NZD
Denmark 07 07 - Central bank financing government DKK
Denmark 07A 07A - Direct lending and reserve drawdown DKK
Denmark 07B 07B - Secondary purchase: government securities DKK
Federated States of Micronesia 07 07 - Central bank financing government USD
Federated States of Micronesia 07A 07A - Direct lending and reserve drawdown USD
Federated States of Micronesia 07B 07B - Secondary purchase: government securities USD
Fiji 07 07 - Central bank financing government FJD 280,000,000 127,064,803
Fiji 07A 07A - Direct lending and reserve drawdown FJD
Fiji 07B 07B - Secondary purchase: government securities FJD 280,000,000 127,064,803 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 06 August 2020).

As of July 30, The Reserve Bank of Fiji has purchased FJD280 million of Government bonds to help finance the Government deficit.

Finland 07 07 - Central bank financing government EUR
Finland 07A 07A - Direct lending and reserve drawdown EUR
Finland 07B 07B - Secondary purchase: government securities EUR
France 07 07 - Central bank financing government EUR
France 07A 07A - Direct lending and reserve drawdown EUR
France 07B 07B - Secondary purchase: government securities EUR
Germany 07 07 - Central bank financing government EUR
Germany 07A 07A - Direct lending and reserve drawdown EUR
Germany 07B 07B - Secondary purchase: government securities EUR
Ireland 07 07 - Central bank financing government EUR
Ireland 07A 07A - Direct lending and reserve drawdown EUR
Ireland 07B 07B - Secondary purchase: government securities EUR
Italy 07 07 - Central bank financing government EUR
Italy 07A 07A - Direct lending and reserve drawdown EUR
Italy 07B 07B - Secondary purchase: government securities EUR
Japan 07 07 - Central bank financing government JPY 48,012,000,000,000 447,485,520,272
Japan 07A 07A - Direct lending and reserve drawdown JPY
Japan 07B 07B - Secondary purchase: government securities JPY 48,012,000,000,000 447,485,520,272 IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 6 May 2020); BOJ. https://www.boj.or.jp/en/announcements/release_2020/k200427a.pdf (accessed 1 May 2020); BOJ. https://www.boj.or.jp/en/statistics/boj/other/acmai/release/index.htm/ (accessed 12 March 2021).

The BOJ will purchase a necessary amount of JGBs without setting an upper limit so that 10-year JGB yields will remain at around 0%. The peak change in BOJ purchases of Japanese government securities less bank notes since 20 February 2020 amounted to JPY48.012 trillion, posted in 20 December 2020 [update].