My understanding is that the price stability target is not a framework that calls for the inflation rate to reach 2 percent with surgical precision, but rather that it represents a flexible policy framework in which some degree of latitude – both upside and downside – should be accommodated.
Based on this understanding, I see some flexibility with regard to the achievement of the 2 percent price stability target. On this point, what the price stability target aims to achieve is not a situation in which only prices will rise.