Conduct of monetary policy  The Bank has been conducting the quantitative easing policy with the outstanding balance of current accounts held at the Bank as the operating target. In accordance with the current target range for the outstanding balance of “around 30 to 35 trillion yen,” the Bank provides ample liquidity to the money market.
The Bank has also made a commitment to maintain the quantitative easing policy until the year-on-year rate of change in the consumer price index (CPI; excluding fresh food, on a nationwide basis) registers zero percent or higher on a sustainable basis.