As for the impact of continued purchases of JGBs on the long-term interest rate, it is natural to think that the long-term interest rate will come under downward pressure due to the stock effects as JGBs are accumulated on the central bank's asset side.
Theoretically, it is impossible to set targets in terms of quantity and interest rates at the same time, and the actual policy framework is not intended to do so. Therefore, if the long-term interest rate target of around 0 percent is maintained for a certain period of time, it is also natural to think that the purchase amount of JGBs will gradually decrease.