However, this is the first time in 16 years that the economy has registered positive growth for seven consecutive quarters, from the January-March quarter of 2016 through the July-September quarter of 2017.
Today, I would like to explain monetary policy measures conducted by the Bank and what they have achieved, and then discuss what to make of arguments circulating with respect to the purported dangers of bold monetary policy. I. Monetary Easing Measures and Economic Activity The Bank has implemented QQE since 2013, with the aim of achieving the inflation target of 2 percent.