Introduction It is my great pleasure to have the opportunity today to exchange views with a distinguished gathering of business leaders in Osaka. I would like to take this opportunity to express my sincerest gratitude for your cooperation with the Bank of Japan’s branches in Osaka, Kobe, and Kyoto.
In April last year, the Bank introduced quantitative and qualitative monetary easing (QQE) to achieve the price stability target of 2 percent at the earliest possible time, with a time horizon of about two years.