2  BIS central bankers’ speeches  Israel’s agenda also includes the discussion about the size and the role of the public sector in the economy, and the structure of the tax system.
In the subsequent eight months, the Bank has been steadily pursuing this policy. Positive developments have been spreading in financial markets and the real economy, as well as in people’s mindset and expectations. The QQE has steadily been exerting its intended effects. Japan’s economy is recovering moderately, with a positive spillover from income to expenditure in the household and corporate sectors taking course.