We now know it is the former, and we in the Reserve Bank, and our colleagues at the Australian Prudential Regulation Authority, with whom we are jointly hosting the Conference, are sure that you will be in for a very interesting couple of days.
Furthermore, in light of the "understanding of medium- to long-term price stability," the Bank decided to examine periodically the risks facing the Japanese economy, both in the short term (one to two years) and in the medium to long term, using the findings to formulate its thinking on the future conduct of monetary policy.