In addition, as for purchases of exchange-traded funds (ETFs), the Bank clarified that it might increase or decrease the amount of purchases depending on market conditions while maintaining the annual pace of increase in the amount outstanding of about 6 trillion yen. Half a year has passed since the policy decision was made last July.
People are getting back to work, and companies are investing to meet growing demand. Nevertheless, the unique circumstances of this recovery present important challenges. With CPI inflation considerably above our target range of 1 to 3 percent, the materialization of upside risks is of greater concern.