14  avoid deflation.17 The Bank will firmly pursue policy conduct so that the economy will never fall into deflation in the new Reiwa era. Thank you very much for your attention. 17  "The responsibility for deflation basically lies in monetary policy. This is because central banks are obliged to avoid deflation or inflation and stabilize prices."
Axel A Weber: 7th Bundesbank Lecture 2010 – introductory remarks Introductory remarks by Professor Axel A Weber, President of the Deutsche Bundesbank, at the 7th Bundesbank Lecture 2010, Berlin, 14 September 2010. * 1.