Details of the measures will be examined at the next Monetary Policy Meeting to be held on April 9 and 10, 2012. As a result of the measures, the outstanding balance of loans under the arrangements will increase from 3.5 trillion yen to 5.5 trillion yen.
In part this reflects the heavy incidence of food in their consumer-price indices, but in many cases it also derives from loose monetary conditions due to such factors as fast growth of money and credit aggregates and the choice of the exchange rate regime. These developments are impacting on inflation at the global level and call for appropriate policy measures.