As the BOJ's QQE program approaches the third anniversary of its launch, concerns about how long the BOJ can continue purchasing JGBs have started to emerge. When explaining its policies, the BOJ must henceforth make a cogent case for their sustainability in addition to their effectiveness. This imperative will pose communication challenges for the BOJ.

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About the Author

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  Katsutoshi Takehana

  Researcher

  Financial Technology & Market Research Department