And the largest of these economies (Brazil, Russia, India, China and South Africa) now meet regularly at the level of Leaders to discuss issues of common interest since the Yekaterinburg Summit of 2009. The G20’s promising start has unfortunately been followed by more mixed results. The first three G20 Leaders’ Summits of 2008–09 (Washington, London and Pittsburgh) led to important achievements.
At the Monetary Policy Meeting held last week, the Bank of Japan decided to introduce "Quantitative and Qualitative Monetary Easing (QQE) with Yield Curve Control" by strengthening the previous policy framework with a view to achieving the price stability target of 2 percent at the earliest possible time.