As a result, the Bank will be purchasing JGBs on an exceedingly large scale: the monthly flow of JGB purchases is expected to exceed 7 trillion yen on a gross basis, which is an amount equivalent to about 70 percent of the monthly average of newly issued JGBs (Chart 8).
In recognition of this, the Central Bank has initiated and supported numerous reforms to develop a robust and effective microfinance legal, regulatory and supervisory framework that supports innovations to enhance the development of MSME financing and growth, and boost overall inclusion.