That is, in the initial stage following its introduction, as is the case in  7  Japan, it is common to commit to maintaining interest rate levels while presenting qualitative conditions such as the economic situation and risk assessments, focusing rather on the flexibility of the policy conduct.
In addition to the introduction of forward guidance, the Bank decided at the July MPM to enhance the sustainability of "QQE with Yield Curve Control." In persistently continuing with monetary easing, it is necessary to make adjustments to the policy framework so that it can function in a competent manner over the period of the easing's duration.