In this regard, by closely monitoring the changes in each financial market, the Bank has been carefully selecting the means by which it carries out market operations for the smooth provision of funds.
For example, the Bank has recently expanded the scope of acceptable bills by lengthening the maturity period up to 12 months as well as the range of eligible counterparties for its bill purchasing operations. It has also conducted a combination of longer-term funds-providing operations and shorter-term funds-absorbing operations. III. Challenges under quantitative easing  A.