It also worked on the interest rates on term instruments by devising methods for liquidity provision, and as a result they have been slightly lower than at the beginning of this year, even though demand for funds tends to increase as the fiscal year-end approaches. The second area is ensuring stability in financial markets by providing ample liquidity.
The Bank has been conducting U.S. dollar funds-supplying operations in a coordinated action with other central banks, and has also been providing ample funds in yen by, for example, purchasing Japanese government bonds (JGBs) outright.