My Views Based on the Assessment for Further Effective and Sustainable Monetary Easing Next, I would like to share my views on the aforementioned policy actions. It is expected to take more time to achieve the price stability target, due in part to the impact of COVID-19.
Recently some have proposed the creation of “target zones” for major currencies, presumably in order to create, in part, greater stability in global financial markets. I think that these proposals are unlikely to work.