Conduct of Monetary Policy Based on the outlook for economic activity and prices that I have described, I will outline the Bank’s current monetary policy and recent policy decisions. I would then like to express my opinion about the Bank’s monetary policy conduct.
Overview of Current Monetary Policy and Recent Policy Decisions The Bank conducts monetary policy under the framework of Quantitative and Qualitative Monetary Easing (QQE) with Yield Curve Control, aiming to achieve the 2 percent price stability target. This current framework consists of three components: yield curve control, the purchase of risk assets, and the Bank’s public commitment regarding the future conduct of monetary policy.