Toward achieving the price stability target The Bank projects that the timing of the year-on-year rate of change in the CPI reaching about 2 percent will be around fiscal 2019. In the Outlook Report, the Bank has delayed such timing several times, and I acknowledge that there is some criticism on this point.
The Bank certainly aims to achieve the price stability target of 2 percent at the earliest possible time, and the delay in such timing is not desirable.