That is, to achieve the price stability target of 2 percent in terms of the year-onyear rate of change in the consumer price index (CPI) at the earliest possible time, with a time horizon of about two years.
At the same time, the Bank has made it clear that it will continue with the QQE, aiming to achieve the price stability target of 2 percent, as long as it is necessary for maintaining that target in a stable manner. In my understanding, there are three things about the policy duration of the QQE.