This is called the constraint of zero interest rates, which I will touch on later. The second pillar is that the Bank is committed to continuing with the current policy framework until the core Consumer Price Index shows zero percent or above on a year-on-year basis in a stable manner. This commitment tends to reduce medium-term interest rates along the yield curve.
In line with the principle of openness, fairness and equality, we should gradually create conditions for market-oriented corporate bond issuance by regulating information disclosure, cultivating qualified institutional investors and strengthening market infrastructure building-up.