In terms of the second channel, the continuation of JGB purchases by the Bank may encourage investors and financial institutions to shift some of their portfolios to risk assets as they adjust some of their asset management policies away from deflation-oriented strategies.
General news  06 June 2023 General  “Bold, but realistic: monetary policy and financial stability”  © DNB  “Europe will not be made all at once, or according to a single plan. It will be built through concrete achievements which first create a de facto solidarity.