Combining these two approaches is essential to continuing with monetary easing for a long time and to enhancing its effectiveness. With this in mind, at the March MPM, the Bank conducted an assessment of various policy measures and decided upon policy actions based on the findings. I will now explain this in detail. III.
Policy Actions to Conduct Further Effective and Sustainable Monetary Easing The Bank has decided to take three major policy actions (Chart 6). Establishment of the Interest Scheme to Promote Lending First is the establishment of the Interest Scheme to Promote Lending.