Now that the average remaining maturity has been extended and set within a flexible range, this will put further downward pressure on interest rates across the entire yield curve. Furthermore, in order to conduct flexible JGB purchases, the Bank decided to announce the monthly schedule and details of JGB purchases for the following month on the last business day of each month. 5 B.
Effects and costs of the expansion of QQE  I would now like to explain how I assessed the expected effects as well as the potential costs and risks of the expansion of QQE before voting in favor of the decision. Let me first describe the effects of the expansion of QQE.