What is important here is whether Japan’s economy will return to a sustainable growth path, and, through such a process, the aggregate supply and demand balance that lies behind the price developments will improve in a sustainable manner. Put metaphorically, prices are the body temperature of the economy.
This has to be reflected at the country level as well, by financial regulators as well as the participants themselves. I wish you all a continued productive and informative conference.​  4/4  BIS central bankers' speeches