This decision is based on the fact that there have been only a few investors purchasing securities with lower credit ratings, and this has been impeding development of the ABS market. The ceiling on the Bank’s purchases is to be set at 1 trillion yen for the time being.
The ABS market is expected to become one of the most important financial markets in Japan in the future. The Bank hopes that the Bank’s purchase of securities will contribute to the autonomous development of the market. III.