Bearing this in mind, I think that the conduct of monetary policy with a price stability target has to be very flexible. D.  Price stability target and two perspectives  Under QQE, the Bank purchases assets on an unprecedented scale.
We could discuss this sustainability problem at another time. I would now like to focus on three immediate challenges: maintaining low inflation; our foreign exchange market; and our local stock market. During 2005, there was global concern about rising inflation. In the US, for instance, headline inflation reached as high as 4.5 per cent in September 2005, the highest rate in many years.