Current Monetary Easing Policy and Its Basic Framework The basic framework for the Bank's current monetary easing policy introduced in September 2016 is Quantitative and Qualitative Monetary Easing (QQE) with Yield Curve Control.
Under this framework, with the aim of achieving the price stability target under yield curve control -- in which short- and long-term interest rates are controlled -- the Bank sets the shortterm policy interest rate at minus 0.1 percent and the target level for 10-year Japanese For details, see Kimura Takeshi and Koga Maiko, "Keizai hendō to mittsu no gyappu -- GDP gyappu, jisshitsu kinri gyappu, jisshitsu chingin gyappu," Bank of Japan Review, no.