The pace of ETF purchases on an annual basis was around 2 trillion yen in August last year, while such purchases marked a high pace of around 10 trillion yen in October and December, when the markets fluctuated significantly. Such flexible purchases likely have had the effect of alleviating market instability in the meantime.
For example, the implementation of reforms in the labour, product and services markets and in public administration, the enhancement of financial stability, the utilization of public real estate, the stepping-up of the privatization programme, and efforts to tackle the private and public debt overhang problem improve confidence and rebuild financial markets’ trust. Hence, they generate positive growth prospects and help attract foreign direct investment.