Therefore, it seems to be no significant difference in the basic idea and effects of policy conduct between major central banks, albeit some difference in specific ways of conduct.
Purchase of government bonds and confidence in currency Finally, in relation to the Bank’s decision to increase the purchase of the JGBs, we sometimes receive concern that “the Bank’s massive purchase of government bonds is fiscal monetization by a central bank and eventually confidence in currency will not be maintained.” Let me touch on that point.