To this end, the Bank first made a clear commitment to achieving the price stability target of 2 percent at the earliest possible time, with a time horizon of about two years, and as a new framework for achieving this target, it introduced a new guideline for money market operations with the monetary base set as the main operating target.
Second, the Bank had previously been strengthening its monetary easing gradually while examining the effects of easing. This time, however, it took all possible measures that were considered necessary at present. Third, the Bank took very drastic measures both in terms of the scale (quantity) and contents (quality) of its asset purchases.