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By Philip Lawlor, managing director, global markets research, Robin Marshall, director, fixed income research
ECB President Draghi recently stated his concerns about the slowdown in the eurozone economy and noted that the ECB still has plenty of scope to expand its QE asset purchase program (Sintra, Portugal, June 19) if required. But this poses two obvious questions: (1) what lessons can the ECB learn from Japanese, and Bank of Japan, experience and, (2) given the scale of recent QE asset purchases, what scope is there for more ECB QE? Further, would the ECB be obliged