I.  Quantitative and qualitative monetary easing and the outlook for economic activity and prices  Key features of the quantitative and qualitative monetary easing I will first briefly explain the quantitative and qualitative monetary easing. This policy has the following features (Charts 1 and 2). First is a strong and clear commitment.
The Bank clearly announced that it would achieve the price stability target of 2 percent in terms of the year-on-year rate of change in the consumer price index (CPI) at the earliest possible time, with a time horizon of about two years.