By contrast, Japan experienced a decline in the functions of the CP and corporate bond markets immediately after the global financial crisis. That caused the BOJ to purchase those assets as a credit-easing policy in 2009.
It is essential that the current extraordinary stimulus measures do not increase long-term inflationary expectations as this would create problems for the economy in the longer term as a result of measures to mitigate the current crisis. Thanks to the low policy rates, the banks can borrow from Danmarks Nationalbank at low cost.