The new Bank of Japan Law states that, "currency and monetary control shall be aimed at, through the pursuit of price stability, contributing to the sound development of the national economy" (Article 2). The dual mandate of sustainable growth under price stability is similar to the "maximum employment and price stability" mandate of the Federal Reserve.
India’s activity suffered from waning business confidence amid slow approvals for new projects and sluggish structural reforms and policy environment designed to rein in inflation. Brazil’s economy, in the first quarter of 2012, grew at its slowest pace (at 0.2 per cent q-o-q) in more than two years.