As a result, as time passes, we have accumulated more knowledge about the effects and limits of monetary easing measures in the uncharted territory. Based on the experience in the past six months, I would like to provide tentative answers to the questions and hypothesis that I had before the adoption of the current easing measures.
The outstanding balance of current accounts The first question was whether a central bank could increase the outstanding balance of current accounts even after short-term rates had reached zero.