In January 2013, the Bank of Japan then introduced a price stability target of 2 percent CPI inflation, which was reiterated in the joint statement of the government and the Bank of Japan. This followed the Federal Reserve’s announcement of a similar longer-run inflation goal a year earlier in January 2012.
Finally, I must observe, that a core problem with business, as with fiscal and monetary policy, is knowing whether it will be a success. Last time I offered you the Maradonna theory of interest rates; tonight may I close by offering you the Albert Einstein theory of success. I hope this will help many in business who are addicted workaholics.