Third, the amount outstanding of the Bank’s holdings of risk assets such as exchange-traded funds (ETFs) and Japan real estate investment trusts (J-REITs) will be tripled to an annual pace of about 3 trillion yen and about 90 billion yen, respectively. The Bank will make ETFs that track the JPX-Nikkei Index 400 eligible for purchase.
The Bank introduced a price stability target of 2 percent in terms of the year-on-year inflation rate of the CPI in January 2013, as well as QQE in April 2013, to achieve the target at the earliest possible time, with a time horizon of about two years.