In the reviews of other central banks, which are facing challenges common to Japan, they are trying to seek more effective ways to achieve the target level, rather than lower it.13 Second, as I mentioned earlier, economic and financial developments have been more or less in line with the assumed mechanism under "QQE with Yield Curve Control."
•  Finally, what is worrisome is that neither the financial markets’ turmoil is over nor the US economic slowdown has bottomed out. Equally uncertain is the outlook for the oil and food prices. Unfolding events in these areas could deepen the impact of developments on Asia. 6. Economic growth outlook.