Second, rather than adopting an incremental approach, the Bank took all-out measures necessary to overcome deflation. And third, the Bank decided to continue with the QQE policy as long as it is necessary for maintaining the 2 percent price stability target in a stable manner. The Bank thus made a firm commitment to continuing the powerful easing by linking it with the policy target.
*  *  *  Improving the international monetary and financial system Nearly four decades have elapsed since the demise of Bretton Woods, and during that time, the international monetary and financial system has undergone a significant transformation. The changes that have occurred reflect deliberate policy choices by the official sector as well as the organic interactions of investors, institutions, and advancing technologies.