C.  The fund-provisioning measure to support strengthening the foundations for economic growth  So far I have been talking about the Bank’s comprehensive monetary easing policy introduced on October 5, 2010, but it is of course also necessary to continue with medium- to long-term measures aimed at sustainably overcoming deflation.
Based on various assumptions regarding trends in the overall population and the labor force participation rate (the number of persons willing and able to work divided by the number of persons aged 15 years and over), and using the recent rate of labor productivity growth per employee  18  One of the reasons for my disagreeing with the policy change on August 30, 2010 (the introduction of a sixmonth term in the fixed-rate funds-supplying operation against pooled collateral and a substantial increase in the amount of funds to be provided through the operation) was that such policy action would produce only limited easing effects.