Clarification of the policy time horizon based on “the price stability goal in the medium to long term”  At the Monetary Policy Meeting held in February this year, the Bank introduced “the price stability goal in the medium to long term” as a part of its efforts to further clarify its determination to overcome deflation.
“The price stability goal in the medium to long term” is the inflation rate judged by the Bank to be consistent with price stability sustainable over the medium to long term.