boj speech, 2006-06-01
The quantitative easing policy had two pillars: (1) provision of ample liquidity by the Bank with the adoption of the outstanding balance of current accounts at the Bank as the operating target for money market operations; and (2) a commitment by the Bank to continue to provide ample liquidity "until the consumer price index (CPI, excluding fresh food) registers stably a zero percent or an increase year on year."
Sentiment: neutral
Topic: mp_economic_activity