In addition, the Bank decided that JGBs with all maturities including 40-year bonds will be made eligible for purchase, and the average remaining maturity of the Bank’s JGB purchases will be extended from slightly less than three years at present to about seven years – equivalent to the average maturity of the amount outstanding of JGBs issued.
It is up to you to develop and implement these innovations. 4 Financing the transformation I understand that this comes with a hefty price tag. There is no such thing as a free lunch. So who is going to foot the bill? How can we finance the transformation? This will need a division of labour between the public and the private sector.