•  Applying a target point, rather than a target range, may be appropriate at this stage since a premature introduction may result in the actual inflation rate being stuck at the lower bound of the range (in the case of Japan), making it harder to achieve the 2 percent target.
On the third point, the idea of applying a range to the inflation target – while it should not be ruled out – should be examined after the actual inflation rate exceeds at least 1 percent in a stable manner and after it is judged that inflation expectations will likely remain near 2 percent.