Toward achieving the price stability target The Bank projects that the timing of the year-on-year rate of change in the CPI reaching about 2 percent will be around fiscal 2019. In the Outlook Report, the Bank has delayed such timing several times, and I acknowledge that there is some criticism on this point.
5  See Robert DeYoung, Dennis Glennon, Peter Nigro, and Kenneth Spong (2012), “Small Business Lending and Social Capital: Are Rural Relationships Different? (PDF)” University of Kansas Center for Banking Excellence Research Paper #2012–1, June.