Issues to be considered regarding QQE  When the introduction of QQE was decided in April 2013, I supported the concrete measures of QQE because I considered that this would open up significant opportunities in terms of three aspects. First, the measures would provide an opportunity on the demand side to create a virtuous cycle by stimulating the economy.
This increased certainty, in turn, facilitates long term investment and economic growth and this is the main contribution that the Bank can make to balance and sustainable growth. At the same time, maintaining price stability helps to protect the poor in particular, who are most vulnerable to the ravages of inflation.