Issues to be considered regarding the quantitative and qualitative monetary easing  I will next present my views on several issues regarding the quantitative and qualitative monetary easing I have just mentioned. BIS central bankers’ speeches  5  1. Why was the monetary policy framework changed at this time?
Ever since the price stability target of 2 percent was introduced in January 2013, I have been submitting a proposal for additional monetary easing – in the belief that it was necessary to demonstrate the Bank’s firmer determination to achieve the target at the earliest possible time – stating that “The Bank, aiming to achieve the price stability target of 2 percent in terms of the year-on-year rate of change in the CPI, will continue with a virtually zero interest rate policy until it judges the achievement of the price stability target to be in sight.