June  Aug.  Oct.  survey period  -0.1～ 0.0～ 0.0 0.1  0.1～ 0.2  0.2～ 0.3  0.3～ 0.5  0.5～ 0.75～ 0.75 1.0 %  Source: JCER, "ESP Forecast." 14  Chart 15  III. The Bank's Conduct of Monetary Policy  Functioning of the JGB Markets Transaction Volume in the JGB Markets  JGB Yield Elasticity to U.S.
There might also be soft factors at play, such as cultural preferences for certain forms of funding or the level of financial education. We also should address these issues in order to achieve our objective. 5. Conclusion  Ultimately, the path towards a European capital markets union will be long and arduous. There will certainly be resistance, and there will be difficulties.