Pursuing strong monetary easing: the comprehensive monetary easing policy  With regard to its pursuit of strong monetary easing, the Bank has reduced its policy interest rate twice since the Lehman shock and, by increasing longer-term funds provision to financial institutions through new funds-supplying operations, the Bank has been influencing directly longer-term interest rates such as 3-month and 6-month rates.
As a result, market interest rates have been stable at extremely low levels and firms’ funding costs have been declining.