Quantitative and Qualitative Monetary Easing (QQE)

Name: Quantitative and Qualitative Monetary Easing (QQE)
Creator: Cbonds
License: https://creativecommons.org/licenses/by/4.0/

Category — Unconventional monetary policy tools

Quantitative and Qualitative Easing (QQE) is a form of monetary policy proposed by the Bank of Japan (BoJ) in April 2013 as a new stage in the already existing QE. Based on the formulation "quantitative and qualitative," the QQE of the Bank of Japan was aimed at overcoming deflation in the country through both a "quantitative" increase and "qualitative" changes in the Bank’s balance sheet.
Regarding the "quantitative increase in the balance sheet," through the purchase of various assets, mainly Japanese government bonds (JGBs), the Bank of Japan, when introducing this policy, planned to double the monetary base in two years from 138 trillion yen at the end of 2012 to 270 trillion yen at the end of 2014.
Regarding the "quality" of the bank’s balance sheet, there have also been changes: the bank increased its purchases of ETFs and J-REITs in order to influence the premiums of risky assets. The Bank also approved JGBs with all existing maturities, including 40-year bonds.
The instrument has evolved over time, and since 2016, the Bank of Japan has been using Quantitative and Qualitative Monetary Easing (QQE) with yield curve control.

Terms from the same category

explore the most comprehensive database

800 000

bonds globally

Over 400

pricing sources

80 000

stocks

9 000

ETF

track your portfolio in the most efficient way

Bond Search

Watchlist

Excel ADD-IN

Get access

— Are you looking for the complete & verified bond data?

— We have everything you need:

full data on over 700 000 bonds, stocks & ETFs; powerful bond screener; over 350 pricing sources among stock exchanges & OTC market; ratings & financial reports; user-friendly interface; available anywhere via Website, Excel Add-in and Mobile app.