expression, noun
unprecedented monetary easing (BOJ, 2013)
Refers specifically to the Bank of Japan's aggressive quantitative and qualitative monetary easing launched in April 2013 under Governor Haruhiko Kuroda. Often used in economic and political contexts.
異次元の金融緩和はデフレ脱却を目指して導入された。
The unprecedented monetary easing was introduced with the aim of overcoming deflation.
異次元の金融緩和の効果について専門家の意見が分かれている。
Experts are divided on the effects of the unprecedented monetary easing.
A phrase coined by Japanese media and economists to describe the Bank of Japan's aggressive monetary easing policy announced in April 2013. 異次元 (different dimension) emphasizes the unprecedented scale and unconventional nature of the measures.