SOURCE ROOM
Market Operations in Fiscal 2016
Bank of Japan, Financial Markets Department
Claims Supported by This Source
- Divide current account balances into three tiers and apply -0.1% to the policy-rate balance.
- An adjustment to increase the monetary base at a pace of about 80 trillion yen per year.
- YCC has two pillars: control of short- and long-term interest rates, and an inflation-overshooting commitment.
How to read the verification levels. "Read Through" means the source was read in its entirety. "Bibliography & Abstract Read" means the bibliographic information and abstract were confirmed. "Via Course Material" means the source was referenced through the textbook or course text. The "Text Hash" is the SHA-256 of the main text from the publisher's page, excluding tags and whitespace, used to detect if the source has been modified.