These discussions focus on the structural level of the natural interest rate and are reflected in terms as ‘low-for-long’ or even ‘low forever’. The weakening of the economic outlook and shift in financial conditions have increased stability risks in the global financial system.
The Bank will persistently continue with powerful monetary easing in a sustainable manner under the framework of QQE with Yield Curve Control by devising measures considered necessary at the time and strengthening the framework.