The Bank's Conduct of Monetary Policy  Forecasts for the Target Level of the Long-Term Interest Rate Weighted Averages (End of 2018 and 2019) 0.3  Distribution (End of 2019)  %  35  number of respondents July 2018 survey  30  End of 2019  August 2018 survey  End of 2018  25  0.2  September 2018 survey October 2018 survey  20 15 0.1  10 5 0.0 Dec. 17  0 Feb. 18  Apr.
June  Aug.  Oct.  survey period  -0.1～ 0.0～ 0.0 0.1  0.1～ 0.2  0.2～ 0.3  0.3～ 0.5  0.5～ 0.75～ 0.75 1.0 %  Source: JCER, "ESP Forecast." 14  Chart 15  III. The Bank's Conduct of Monetary Policy  Functioning of the JGB Markets Transaction Volume in the JGB Markets  JGB Yield Elasticity to U.S.