Having said this, the current structural problems in Japan could be characterized as arising from the process of the economic system adapting to a new environment, in other words, it is a problem that has contained the dynamism of the Japanese economy.
The first pillar is a commitment to achieve the 2 percent price stability target as swiftly as possible. Specifically, the Bank clearly pledged that it would achieve the price stability target of 2 percent at the earliest possible time, with a time horizon of about two years. The second pillar consists of underpinning the first pillar – the commitment – with specific actions.