Further, any decision to extend support to an insolvent institution on systemic or national interest grounds would be one properly taken by a government under advice, not a central bank itself. Fourth, if support for an institution in difficulty were to turn out to be more than just temporary, the public sector would face difficult issues of how to structure that support.
Looking ahead, as the negative interest rate policy will exert its intended effects, private demand such as business fixed investment and housing investment is expected to increase. In that sense, the negative interest rate policy will accelerate the process of overcoming deflation.