Concluding remarks The most important point I want you to understand with regard to the expansion of the QQE is that the Bank strongly commits itself to achieving the price stability target of 2 percent at the earliest possible time and maintaining it in a stable manner.
Against this background, I expect firms to make decisions and engage in economic activity based on the assumption of 2 percent inflation. Conversion of the deflationary mindset and the rise in inflation expectations, which the Bank is trying to achieve through the QQE, do not only mean a rise in figures of the markets’ break-even inflation rates or of economists’ survey results.