Although creating a low inflation environment may entail some sacrifices in the short term, the advantages of maintaining price stability will counterbalance them in the long run.
Masaaki Shirakawa: Reviewing the economies of Switzerland and Japan Remarks by Mr Masaaki Shirakawa, Governor of the Bank of Japan, at the 30th Anniversary Luncheon of the Swiss Chamber of Commerce and Industry in Japan (SCCIJ), Tokyo, 10 October 2012.