The Bank, while keeping in mind these two challenges, conducts monetary policy with a focus on the following three points. First, pursuing powerful monetary easing. The Bank has lowered the policy interest rate to 0.1 percent, virtually zero.
It also introduced a new funds-supplying operation, which is called the “fixed-rate operation,” and by substantially increasing the amount of funds provided through the operation, has been encouraging a decline in market interest rates and further enhancing and spreading accommodative monetary conditions. Second, ensuring financial market stability.