The Bank's Conduct of Monetary Policy  Chart 12  Continuation of Powerful Monetary Easing (April 2019)  High uncertainties regarding economic activity and prices including developments in overseas economies  Still taking time to achieve the price stability target  Making clearer the Bank's policy stance to persistently continue with powerful monetary easing Clarification of forward guidance for policy rates July 2018  April 2019  "The Bank intends to maintain the current extremely low levels of short- and long-term interest rates for an extended period of time, taking into account uncertainties regarding economic activity and prices including the effects of the consumption tax hike scheduled to take place in October 2019."
"The Bank intends to maintain the current extremely low levels of short- and long-term interest rates for an extended period of time, at least through around spring 2020, taking into account uncertainties regarding economic activity and prices including developments in overseas economies and the effects of the scheduled consumption tax hike."