Effects on the Functioning of the JGB Market and Financial Intermediation The assessment also touches on the effects of QQE with Yield Curve Control on the functioning of the JGB market and financial intermediation (Chart 12).
In this respect, it must be admitted that a number of governments still need to correct large fiscal imbalances and improve the structure of public finances. Moreover, national institutions for fiscal policy-making should support the fiscal commitments under the EU framework.