If the underwriting of FBs by the Bank of Japan had continued and there was a shortage of such products in the market, securing financial market stability would have been much more difficult than now.
The annual rate of change in core inflation has been consistently below 1% over the past year, with the latest reading for October at 0.7%. A low reading for core inflation for such a period of time indicates that it is not only temporary factors that are operative: underlying demand weakness is also playing a role.