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.
The unprecedented monetary easing was introduced with the aim of overcoming deflation.
Experts are divided on the effects of the unprecedented monetary easing.
General term for monetary easing; 異次元の金融緩和 is a specific historic policy package.
Official name of the BOJ's policy; 異次元の金融緩和 is a more colloquial, media-coined expression.
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.