Keeping in mind that the outright purchases could be a means of meeting firms’ funding needs including the redemption of corporate bonds toward the end of a fiscal year, the total amount to be purchased is set so as not to exceed three trillion yen and will be temporarily conducted until the end of March this year.
Indeed, the Philippines swiftly acted on the concerns raised in the report and took a whole of government approach in addressing the issues. We have completed our key commitments and continue to do so in the midst of our fight against the ill effects of the pandemic.