I will then give my viewpoint on the current practice of monetary policy as adopted by the Bank, compare it with previous monetary policy practices, and highlight some of the ways the practice differs in Japan compared with other economies.
Section IV will review QQE progress to date through an overview of current price performance and its outlook, followed by an overview of economic activity. II. Why is forward guidance so important for Japan? I want to first address the question of why forward guidance is so important for Japan.