Haruhiko Kuroda: How unconventional monetary policy stimulates demand – theory and practice Remarks by Mr Haruhiko Kuroda, Governor of the Bank of Japan, for the Panel Discussion at the Bank for International Settlements Annual General Meeting, Basel, 28 June 2015. *  *  *  It is a great honor to be able to participate in this panel discussion today.
The Bank of Japan introduced its Quantitative and Qualitative Monetary Easing (QQE) in April 2013. One tentative conclusion that can be drawn from the experience of a little over two years is that central banks can overcome the zero lower bound, as long as the policy maker commits decisively to fulfilling its mandate with well-designed unconventional policy measures.