But, when thinking about the issue, there are two factors that have particular prominence. These are employment and the stability of the financial system. When we find ourselves with inflation that is either lower, or higher, than normal, we want to feel confident that, over time, inflation will return to more normal levels.
1  2  This report was written based on data and information available when the Bank of Japan Monetary Policy Meeting was held on 14 September 2000. The Bank’s view on recent economic and financial developments, determined by the Policy Board at the Monetary Policy Meeting held on 14 September as the basis of monetary policy decisions.