I think that medium- to long-term inflation expectations in Japan are mainly determined by supply-side factors such as the potential growth rate and the labor productivity growth rate, rather than by the level of the Bank’s price stability target, the supply and demand balances in the goods, services, and labor markets, and the current developments in the observed inflation rate.
Disclosures should be clear,  3  “Enhancing the Risk Disclosures of Banks,” Report of the Enhanced Disclosure Task Force (29 October 2012). BIS central bankers’ speeches  3  comprehensive, relevant, consistent, comparable, and timely. Finally, annual reports should explain how risk is actually managed.