Today's decision is aimed at making YCC more sustainable.

Long-term rates could move beyond 0.5% cap.

Will flexibly respond to uncertainties of Japan economy.

Won't hesitate to easy policy further as needed.

Will respond to speed and level of long-term interest rates if they move beyond 0.5%.

Signs of change emerging from companies' price-setting behaviour.

There's still distance to achievement of 2% inflation target.

Will conduct consecutive fixed-rate purchase operations if long-term yield exceeds 1%, to curb yield jump.

Recent long-term yields are moving slightly below 0.5% level.

Not expecting long-term yield to rise to 1%.

Drastic changes to FY2023 price outlook suggests outlook in april was possibly underestimated.

No change to judgement that achievement of 2% inflation target is still distant.

Created 0.5-to-1.0% frame in addition to plus-minus 0.5% to respond to future risks.