Therefore, I expect that the additional easing, which lengthens the average remaining maturity of long-term JGBs and increases the purchases of risk assets, would further enhance the transmission channels of monetary policy. D.  The transmission channels related to QQE  Next, I would like to touch on the transmission channels of the Banks’s monetary easing.
QQE aims to exert downward pressure on nominal and real long-term interest rates through a range of transmission channels, thereby lowering funding costs as well as raising asset prices. Ultimately, these changes are expected to boost the aggregate demand of firms and households, and raise the rate of inflation toward around 2 percent.