Therefore, we consider it crucial to hold an enhanced dialogue with market participants pertaining to money market operations and market transactions more generally, and to seek a reasonable way forward. III. Transmission mechanism of the QQE  So far, I have explained the details of the Bank’s monetary easing policy, including those of a technical nature.
The next question is: How does it affect people’s daily lives? I gather that participants today are most interested in this question. I will explain my own thinking on the QQE’s transmission mechanism and its effects permeating the economy. Slide 6, while somewhat technical, displays the major components of the transmission mechanism of the monetary easing policy.