In the same way, if economic planners do not judiciously give consideration to developing and matching the right mix of policies which work, and being sensitive to the timing and sequence of the flow of the policy implementation, the growth and stability of the economy would not be attainable.
It is an example of how JGBs play an important role in the Bank’s money market operations.4 Apparently, the Bank is the most proactive among the central banks of major countries in using government securities in the money market operations. This way, the Bank of Japan uses JGBs on a large scale in conducting money market operations.