I am greatly honored to have the opportunity today to speak at the Economic Club of New York. In April last year, the Bank of Japan introduced quantitative and qualitative monetary easing, dubbed QQE. One and a half years have passed since then, and QQE has been producing its intended effects.
The ability to search the registry by anyone is therefore free-of-charge for the first two years and this arrangement will be reviewed in due time, as we monitor the effectiveness of the Registry. (iii) Economic Reform Disguised as a Legal Reform The online Registry we are launching today is only a part of the broader economic reform plan underlying the commencement of the PPSA.