That has been a measure, through influencing longer-term interest rates and risk premiums, to urge the effects of monetary easing to spread steadily over to firms’ funding costs.
Third, the Bank has been aiming at 1 percent in terms of the year-on-year growth rate in consumer prices for the time being and made a commitment to continuing its powerful monetary easing through the pursuit of virtually zero interest rate policy and purchases of financial assets until it judges the 1 percent goal to be in sight.