> Under Kuroda, the BOJ deployed a huge asset-buying programme in 2013, originally aimed at firing up inflation to a 2% target within roughly two years.
> The central bank introduced negative rates and YCC in 2016 as tepid inflation forced it to tweak its stimulus programme to a more sustainable one.
It is been their policy and their desire to get out of the situation that you describe, and not to be living in it:
* https://en.wikipedia.org/wiki/Abenomics
They want(ed) to hit higher inflation:
> Under Kuroda, the BOJ deployed a huge asset-buying programme in 2013, originally aimed at firing up inflation to a 2% target within roughly two years.
> The central bank introduced negative rates and YCC in 2016 as tepid inflation forced it to tweak its stimulus programme to a more sustainable one.
* https://www.reuters.com/markets/asia/japan-poised-end-negati...