As a result, the Bank will be purchasing JGBs on an exceedingly large scale: the monthly flow of JGB purchases is expected to exceed 7 trillion yen on a gross basis, which is an amount equivalent to about 70 percent of the monthly average of newly issued JGBs (Chart 8).
On the quality side, the Bank will more than double the average remaining maturity of JGB purchases in order to exert stronger influence on longer-term interest rates in general. In addition, it will almost double the pace of ETF purchases to further lower risk premia of asset prices (Chart 9).