At the Monetary Policy Meeting held today, the policy board of the bank of japan decided to introduce "Quantitative and Qualitative Monetary Easing (QQE) with a "Negative Interest Rate" in order to achieve the price stability target of 2 percent at the earliest possible time.

Going forward, the bank will pursue monetary easing by making full use of possible measures in terms of three dimensions, quantity, quality, and interest rate. (I) Interest-Rate Dimension: The introduction of a negative interest rate by a 5-4 majority vote. The Bank will apply a negative interest rate of minus 0.1 percent to current accounts that ...

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