It can be said that a moderate price decline has gradually undermined Japan’s economy. Therefore, what we should do to restore the vitality of Japan’s economy and let the economy grow in a sustainable manner is to achieve the 2 percent price stability target and overcome protracted deflation.
When you arrived at the head of the ECB, you were considered the most German of the Italians. Is this still the case? That’s up to you to judge! We have to maintain price stability in both directions, face problems as they present themselves, and act without prejudice.