Monetary policy and price developments in Japan  As I have explained, Japan’s economy is likely to continue growing at a pace above its potential. In this situation, how are prices expected to develop? Next, I would like to talk about price developments in Japan after touching on the Bank’s monetary policy. A.
Change in policy regime  The Bank is implementing quantitative and qualitative monetary easing (QQE) that aims at converting people’s deflationary mindset, which has been formed firmly amid the prolonged period of deflation, to one that moderate inflation is to be expected.