In September 2016, the comprehensive assessment of the Bank of Japan's quantitative and qualitative monetary easing (QQE) and negative interest rate policies over the previous three-plus years was presented to the monetary policy meeting.
It was an outstanding effort that required nearly two months' worth of painstaking work from the BOJ staff, employing economic modeling and other data. I have been impressed by the staff's incredible ability in preparing for policy meetings like this.
