I consider it necessary to recall the background and idea behind why the framework of assessing economic activity and prices from the two perspectives was established. 5. Responsibility of the Bank Lastly, I will touch on the Bank’s responsibility.
I believe that the Bank has an important responsibility to make every effort to maintain financial and economic stability under the flexible price stability target and policy conduct. To this end, the Bank needs to normalize, at an appropriate timing, the unprecedented monetary policy that has been implemented since the introduction of QQE.