If such collective efforts bear fruit, it is very possible to achieve the inflation rate above 1 percent.
Regarding the medium- to longterm price stability goal, Mr. Shirakawa, the governor of the Bank and chairman of the Monetary Policy Meeting, gave instructions at the meeting in December 2012 that the definition of price stability as well as its numerical expression could be discussed at the next meeting in January, as almost a year would pass since the price stability goal was introduced in February 2012.