As efforts to ensure fiscal sustainability have been progressing, in my view the public also believes that monetary policy has been conducted toward fulfilling the intended purpose of achieving sustainable economic growth with price stability. Namely, the public believes that the Bank’s money will not be used for facilitating government financing.
Worldwide, since the Lehman shock, global investors have increasingly become more risk averse than before, and that has also caused Japanese government bonds’ prices to rise and yields to fall.