It conducts purchase operations in different maturities across the yield curve and is equipped with a powerful supplementary tool — the fixed-rate full-allotment operations — through which it can purchase an unlimited amount of JGBs at a certain interest rate level.
Therefore, I believe it is quite possible to continue to facilitate the formation of a yield curve that is deemed most appropriate for achieving the price stability target of 2 percent, although not as precisely as controlling short-term interest rates. That said, in order to form such yield curve smoothly, I want to underline the importance of closely communicating with market participants.