Forward Guidance under the Current QQE The Bank released a statement on April 4, 2013, with the introduction of QQE, containing the following two descriptions regarding the time span of monetary accommodation: (1) The Bank will achieve the price stability target of 2 percent . . .
In addition, we will only take action if realised progress in underlying inflation – broadly speaking, developments in the prices for goods and services that are less volatile than those for energy and food – is consistent with reaching our target of 2% in the medium term.