The Bank believes that it has strongly supported Japan's economic activity by maintaining such accommodative financial conditions. B. QQE with Yield Curve Control The framework of QQE with Yield Curve Control adopted by the Bank consists of two major components. The first component is "yield curve control," in which the Bank controls short-term and long-term interest rates.
In the current framework, introduced in September 2016, the Bank sets the short-term policy interest rate and the target level of the 10-year JGB yields as its operating targets.