IV. Conduct of monetary policy  Let me next explain the Bank’s conduct of monetary policy. In early October, the Bank, with a view to further enhancing monetary easing, decided to implement comprehensive monetary easing, the so-called comprehensive easing, which bundles together the following three measures (Chart 6).
First, the Bank changed the target for the uncollateralized overnight call rate from “around 0.1 percent” to “around 0 to 0.1 percent,” thereby further clarifying its adoption of a virtually zero interest rate policy.