Meanwhile, in December 2015, as they were inconsistent with my proposal mentioned earlier, I cast a dissenting vote on adoption of the following supplementary measures for QQE: (1) extension of the average remaining maturity of JGB purchases; (2) establishment  BIS central bankers’ speeches  5  of a new program for purchases of ETFs; and (3) an increase in the maximum amount of each issue of J-REIT to be purchased.
In addition, in January 2016, I cast a dissenting vote on the introduction of QQE with a Negative Interest Rate, mainly because it would have adverse effects on the smooth conduct of the Bank's JGB purchases and therefore would only be an appropriate policy measure in a crisis situation. 3.