While the inflation rate has risen clearly of late in the United States and other countries, it has been sluggish in Japan. Given this, it is necessary for the Bank to persistently continue to conduct powerful monetary easing with a view to achieving the price stability target. III.
As we approach the second anniversary of the Dodd-Frank Act, implementation of the financial reforms enacted by the Congress remains a formidable task. At the Federal Reserve, staff teams with a wide range of expertise continue to contribute to Dodd-Frank Act projects, many as part of joint rule-making efforts with other federal agencies.