For example, the 1.3 percent inflation rate, which is the median of the Policy Board members’ forecasts for fiscal 2014 presented in the Outlook Report, is not an intermediate target toward achieving the 2 percent target.
It should also be noted that, with implementation of QQE, the Bank intends to shift people's expectations via a marked change in its monetary policy through an  6  BIS central bankers’ speeches  initial bold move, after which it would adopt a wait-and-see stance to carefully monitor the permeation of policy effects.