One year has passed since the introduction of the QQE, and we have reached the midpoint of “about two years” that we specified. So far, Japan’s economy has been following the path toward achieving the 2 percent price stability target as expected, and we have become increasingly confident that the anticipated transmission mechanism of the QQE is actually working.
As you walk around the exhibition, you will no doubt recognise the images of bridges that feature on the back of the euro banknotes. They symbolise the communication between the people of Europe and between Europe and the rest of the world. The bridges also represent the connection between the past and the present, and symbolise a common European future.