Of course, achieving the price stability target of 2 percent in itself will not solve the challenges regional economies face and raise their growth. Population decline and aging are progressing more rapidly in regional than in urban economies, necessitating medium- to long-term initiatives to raise growth in the regions.
Economic growth is determined by the growth rate of the population and the growth rate of per capita value added. As for the population growth rate, there were only eight prefectures, among them Tokyo and Aichi, in which the population increased in the year to October 2013.