Thus, giving due consideration to developments in economic activity, Japan urgently needs to steadily implement concrete measures toward medium- to long-term fiscal consolidation while interest rates are low and JGBs still command the confidence of the market. II. Conduct of monetary policy  I will now move on to the Bank’s conduct of monetary policy.
The Bank has been consistently making its utmost contributions through the three-pronged approach of pursuing powerful monetary easing consisting of comprehensive monetary easing that was introduced in October 2010, ensuring financial market stability, and providing support to strengthen the foundations for economic growth.