Progress of the QQE  Under the QQE, introduced in April, the Bank will increase the total amount of money it directly supplies to the economy – the monetary base – at an annual pace of about 60–70 trillion yen.
As a result, the monetary base will be doubled in two years, increasing from 138 trillion yen at end-2012 to 200 trillion yen at end-2013 and to 270 trillion yen at end2014 (Chart 1).