3 Moreover, to overcome deflation completely amid heightening uncertainties regarding economic and price developments, I considered it important to influence the expectations and forecasts of market participants as well as firms and households by implementing the appropriate means to further coordinate fiscal and monetary policy.4 At the July 2019 Monetary Policy Meeting, a new sentence was added at the end of the Statement on Monetary Policy: "In particular, in a situation where downside risks to economic activity and prices, mainly regarding developments in overseas economies, are significant, the Bank will not hesitate to take additional easing measures if there is a greater possibility that the momentum toward achieving the price stability target will be lost."
Amid increasing downside risks to economic activity and prices, and in the aforementioned  3  Bearing in mind the current yield curve, which has flattened, I think that it is appropriate to conduct yield curve control so that its shape becomes more accommodative by setting a greater negative value for the short-term policy interest rate.