Through the Program, the Bank – in addition to the increased purchase of JGBs just mentioned – purchases various financial assets, such as CP, corporate bonds, exchange-traded funds (ETFs), and Japan real estate investment trusts (J-REITs), and conducts fixed-rate funds-supplying operations against pooled collateral whereby funds with a maturity of three or six months are provided at an interest rate of 0.1 percent.
As a result of the most recent increase in the Program, the Bank’s pace of purchasing JGBs will accelerate significantly from about 0.5 trillion yen per month to about 1.5 trillion yen.