The success of QQE will be judged at the time when its normalization is completed smoothly, and this should be kept in mind. E.  Progress toward achieving the price stability target  As explained so far, I have been proposing at MPMs a change to the guidelines for money market operations and asset purchases, including a reduction in the pace of asset purchases.
I also have been submitting a proposal not to restrict the time frame for achieving the 2 percent price stability target to about two years, but to aim to achieve it in the medium to long term. The Bank’s price stability target of 2 percent aims to maintain the 2 percent inflation rate in a stable manner, and not to merely reach it temporarily.