Although risks associated with the pandemic have decreased, the uncertainties surrounding economies and financial markets at home and abroad are extremely high. The Bank's stance of patiently continuing with monetary easing therefore is unchanged. Under these circumstances, the Bank will continue to maintain the stability of financing, mainly of firms, and financial markets, and will not hesitate to take additional easing measures if necessary.
The Bank will continue with large-scale monetary easing under yield curve control. Conduct of monetary policy can be viewed as the process of identifying realistic options and selecting the most appropriate one in the face of various constraints and uncertainties regarding developments in economic activity and prices, as well as financial conditions.