Starting from dispelling deflationary expectations, the Bank aims at creating and embedding an economic virtuous cycle of a moderate rise in prices, an increase in sales and profits, an increase in wages, a boost in consumption, and a moderate rise in prices. III.
Raising inflation expectations  While the QQE focuses on raising inflation expectations, it seems that there have still been skeptical views among market participants and economists about the feasibility of raising inflation expectations through policy measures. To begin with, we are thoroughly aware that a central bank cannot change at will people’s and the market’s expectations.