It is my great pleasure to have the opportunity today to exchange views with administrative, financial, and business leaders in the Chubu region. I would like to take this opportunity to express my sincerest gratitude for your cooperation with the Bank of Japan's Nagoya Branch. In April last year, the Bank introduced the quantitative and qualitative monetary easing (QQE) to achieve the price stability target of 2 percent at the earliest possible time, with a time horizon of about 2 years. The introduction of the QQE aimed at changing the deflationary mindset, which has taken root amid prolonged deflation, and at ... (full story)