It was against such a background that the Bank enhanced monetary easing. A central bank aims to achieve price stability in the medium to long term, and no country has accepted the idea that its central bank must achieve a certain percent of inflation by a certain period of time in an automatic manner.
Having said that, we are hoping that 1 percent inflation, specified as the Bank’s “price stability goal in the medium to long term” for the time being, is achieved at the earliest possible time. However, there are structural and corrosive problems behind the cause of deflation.