The measure was introduced in June 2010 with the aim of supplying long-term funds at a low interest rate to financial institutions in accordance with their efforts in terms of lending and investment to strengthen the foundations for economic growth. The initial ceiling of the total amount of loans was set at 3 trillion yen.
First, liability and control must be aligned, with important decisions taken only by those who will bear their consequences. Second, the discharge of democratic control must lie at the level at which policy decisions are taken. Given the current state of our Economic and Monetary Union, further efforts to deepen it through political and economic convergence are clearly indispensable.