I personally hold the view that, although the precise timing for reaching 2 percent can be either earlier or later to some extent, the rate will likely rise close to 2 percent as a trend as downward pressure exerted by the decline in crude oil prices eventually will dissipate on a year-on-year basis. III.
Path toward achieving the price stability target of 2 percent  Let me explain once again the path toward achieving the price stability target that the Bank has in mind. The key question is whether the inflation rate will trend upward toward 2 percent together with a sustainable economic recovery. Let me discuss the sustainability of Japan’s economic recovery from a few perspectives.