It is of utmost importance to sustain such positive momentum by maintaining the output gap as long as possible within positive territory, and this is likely to be the most certain path toward achieving 2 percent inflation. III.
The Bank's Conduct of Monetary Policy Next, I would like to explain the Bank's conduct of monetary policy including the measures decided at the MPM held two days ago. The Bank has been pursuing powerful monetary easing under the policy framework of "QQE with Yield Curve Control," aiming to achieve the price stability target of 2 percent (Chart 10).