This type of communication is in the interest of all, since any inconsistency would lead in the end to a worse result in terms of economic growth. It is also in the interest of the central bank as price stability can be more easily maintained if agents act consistently.
Current monetary policy management As you all know, the Bank of Japan took successive monetary easing measures during February to March this year, and the March decision was a decisive one. There are three points which characterize this series of monetary easing measures.