It is therefore important that the environment I have just described be put in place, whereby wages can be raised, and to realize an economy in which a rise in inflation rates is accompanied by an increase in wages, as in the past.
BIS central bankers’ speeches  7  Concluding remarks I have so far described the policy effects of the QQE, based on the situation in financial markets as well as in economic activity and prices over the past three months. The QQE itself is an extremely powerful policy, but it will exert maximum effects when combined with the various measures by the government.