In view of the high rate of growth that the global economy has maintained, attention should also be paid to inflationary pressures. In the United States, inflationary pressures may not subside as a result of higher resource utilization, namely in labor and production capacity, coupled with developments in crude oil prices.
Third, as for exchange-traded funds (ETFs), the increase in the amount outstanding of the Bank’s holdings will be tripled from “an annual pace of about 1 trillion yen” to “an annual pace of 3 trillion yen,” and also tripled for Japan real estate investment trusts (J-REITs) from “an annual pace of about 30 billion yen” to “an annual pace of about 90 billion yen.” In addition, the Bank will make ETFs that track the JPX-Nikkei Index 400 eligible for purchase.