6  Chart 7  Quantitative and Qualitative Monetary Easing with Yield Curve Control Yield Curve Control %  1.2  Recent JGB yield curve 1.0 0.8 Target level of the long-term interest rate: around zero percent  0.6 0.4 Short-term policy interest rate: minus 0.1 percent  0.2 0.0 -0.2 -0.4 0  1  2  3  4  5  6  7  8  9  10  15  20  30 40 residual maturity, year  Source: Bloomberg.
7  Chart 8  Strengthening the Framework for Continuous Powerful Monetary Easing Taking more time than expected to achieve the price stability target of 2 percent. Maintaining the output gap as long as possible within positive territory is appropriate.