Second, it clarified that the Bank sets the goal at 1 percent for the time being, while maintaining the medium- to long-term goal within a positive range of 2 percent or lower.
However, the drawbacks were that it was not clear whether the Bank was pursing the 2 percent goal or a lower one and how monetary easing was associated with the 2 percent goal. 8. Factors leading to the adoption of QQE Taking these drawbacks into account, the Bank finally adopted the 2 percent price stability target in January 2013.