Recently, the cooperation between monetary and fiscal authorities increasingly has been drawing attention globally, so let me explain the basic thinking on it. If the government implements fiscal policy when a central bank pursues monetary easing to achieve its inflation target, economic stimulus effects will become more powerful through their synergy effects.
Such a combination of policies is called a policy mix, and this is a standard approach of macroeconomic policy. Therefore, the economic measures that the government recently has implemented can exert significant effects to maintain the expanding trend in the economy with the Bank's pursuit of powerful monetary easing.