(2) Ample Provision of the Yen and Foreign Currency Funds: Unlimited Yen: The Bank purchases a necessary amount of JGBs without setting an upper limit (so that 10-year JGB yields will remain at around zero percent, and also with a view to maintaining stability in the bond market and stabilizing the entire yield curve at a low level).
In June 2010, prior to the establishment of this facility, the Bank introduced the fund-provisioning measure to support strengthening the foundations for economic growth (the Growth-Supporting Funding Facility). The Bank has prepared a framework consisting of 5.5 trillion yen in total – including loans in U.S. dollars – and nearly 4 trillion yen has already been used.