Wages and prices: prices viewed from the perspective of households  As I have explained, aiming at a 2 percent price stability target in terms of the year-on-year rate of change in the CPI is appropriate in terms of macroeconomic policy management, conceptually and as a global standard.
Nevertheless, an opinion that there will be a negative impact if taken from the viewpoint of households is naturally heard. Therefore, let me next talk about prices viewed from the side of households, focusing on the relationship between wages and prices. From households’ perspective, it is quite natural to think that price increases are not desirable.