There may be a situation where drastic measures are warranted even though they could entail “costs,” depending on the situations for economic activity, prices, and financial conditions. The central bank should always prepare policy options to address such situations.
I would add that the “benefits” of achieving the price stability target of 2 percent at the earliest possible time are enormous as Japan’s economy is finally overcoming deflation that lasted for a prolonged period of time. The Bank will continue to make its utmost efforts to achieve this commitment. Thank you.