Today, I will talk about the current situation of Japan’s economy under QQE and future challenges. I.  QQE and the recovery of Japan’s economy  The mechanism of QQE Let me start by discussing briefly the mechanism of QQE. QQE consists of two pillars.
This institutional strength also contributes to giving confidence to foreign investors to invest in the country. While the role of the Bank in regulating and supervising the individual banks has been well established, (i.e microprudential oversight), we also have an important evolving role to play in macroprudential oversight.