From April 2010 onward, the Bank will be prepared to provide ample liquidity by further utilizing the existing money market operation measures, which accept a wider range of collateral and have more flexibility in setting terms.
We have clarified our intention after April at this point since we thought giving market participants a certain preparation period before the transition to a new system would facilitate smooth transition without any confusion. The Bank's outright purchases of CP and corporate bonds will expire at the end of 2009 as scheduled.