This expectation is based on the overall subdued outlook for inflation extending into the medium term, given the broad-based weakness in the real economy and subdued monetary dynamics.”  •  The BOJ used two descriptions regarding the time span of monetary accommodation when quantitative and qualitative monetary easing (QQE) was introduced in April 2013.
The first was a statement of its intention to achieve the 2 percent price stability target at the earliest possible time, with a time horizon of about two years.