Put differently, the Bank can have the same degree of effect in lowering interest rates with a smaller amount of JGB purchases. In financial markets, some argue that the Bank will have difficulties with JGB purchases in the future and lose its control over long-term interest rates eventually. That will not happen. In fact, yield curve control is designed to be highly sustainable.
4  II. Improvement in the Global Economy and Current Situation of and Outlook for Japan's Economy A. Current Business Conditions and Outlook Next, I would like to talk about developments in the global economy since the second half of last year, as well as the current situation of and outlook for Japan's economy and prices amid these global economic developments.