As mentioned in the beginning, the reason why the Monetary Policy Meeting was moved forward to today and tomorrow is to promptly discuss and decide on principal guidelines for the purchase of ETFs and J-REITs, which obtained the authorization by the government pursuant to the Bank of Japan Act, and to lay out a framework that can begin the purchases as soon as possible.
1  For a review of the literature, see R. Baldwin, “The euro’s trade effects”, ECB Working Paper No 594, March 2006. 2  BIS Review 137/2007  3. Challenges related to adoption of the euro  Nevertheless, there are also challenges related to participation in the euro area which should not be forgotten.