The Bank  also  strongly  works  on  people's  inflation  expectations  through  the  inflation-overshooting commitment, in which the Bank commits to continuing to conduct monetary easing until the year-on-year rate of increase in the observed CPI exceeds 2 percent and stays above the target in a stable manner.
In fact, as has been confirmed in the assessment conducted in March, the Bank's large-scale monetary easing has been effective, as evidenced by positive inflation taking hold. However, as also confirmed in the assessment, it should be noted that the mechanism of inflation expectations formation in Japan is adaptive, complex, and sticky.