On this point, the Bank makes clear that it will continue expanding the monetary base until the year-on-year rate of increase in the observed CPI (all items less fresh food) exceeds 2 percent and stays above the target in a stable manner.
Currently, the momentum toward achieving the price stability target of 2 percent is being maintained firmly, and the year-on-year rate of change in the CPI is expected to increase toward 2 percent. Nevertheless, there is still a long way to go to achieve the target.