In addition, with a view to lowering risk premia of asset prices, the Bank purchases exchange-traded funds (ETFs) and Japan real estate investment trust (J-REITs) so that their amounts outstanding increase at an annual pace of about 1 trillion yen and about 30 billion yen, respectively.
In aiming to achieve the price stability target of 2 percent, the Bank has committed to continuing with QQE as long as it is necessary for maintaining the target in a stable manner. Almost one year has passed since the introduction of QQE.