This implies that it is becoming difficult for the Bank to maintain the pace of increase in the amount outstanding of its JGB holdings solely by purchasing from the market the equivalent amount of JGBs issued by the government.
These are the questions for which I have found no satisfactory answers. That’s because there are none. It is not acceptable to say that these events occurred because they involved systemically important financial institutions. Because there are no satisfactory answers to these questions, I suggest that the problem with SIFIs is they are fundamentally inconsistent with capitalism.