Second, in order to conduct yield curve control flexibly during normal times, the Bank made clear that the range of 10-year JGB yield fluctuations would be between around plus and minus 0.25 percent from the target level, which was previously referred to as about double the range of around plus and minus 0.1 percent.
At the same time, it decided to introduce "fixed-rate purchase operations for consecutive days" as a powerful tool to stop a rise in interest rates when necessary. On this basis, under the continuing impact of COVID-19 in particular, the Bank will conduct yield curve control with a priority on stabilizing the entire yield curve at a low level.