For instance, it has been identified that firms that have performed relatively better during the turmoil had established, prior to recent events, rigorous internal processes for the valuation of complex or potentially illiquid securities. In contrast, those firms that performed relatively worse had weaker internal processes.
Although there is still some way to go for the core CPI to increase toward the price stability target of 2 percent, it is crucial to resolutely continue with powerful monetary easing under QQE with Yield Curve Control.