Summary

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.

Contents

1. How long can BOJ continue to purchase JGBs?
2. FY2016 outlook: even if inflation rate rises toward BOJ's target…

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  Katsutoshi Takehana

  Group Manager
  Financial Market & Digital Business Research Department

  Group Manager, Financial Market & Digital Business Research Department