In this regard, in deliberating on the possibility of either extending the remaining maturity of JGBs to be purchased under the Program or increasing the amount of risk assets to be purchased, it is essential for the Bank to carefully assess costs and benefits in light of its policy objective of achieving the 2 percent price stability target, while giving due consideration to the two points mentioned earlier: ensuring the sustainability of asset purchases under the Program and producing the intended policy effects.
G.  Importance of strengthening coordination with the government and maintaining fiscal consolidation  The joint statement indicates that the Bank sets the price stability target at 2 percent in terms of the year-on-year rate of change in the CPI, and under the target it will pursue monetary easing and aim to achieve this target at the earliest possible time.