This  6  means that monetary easing is still necessary in Japan in light of achieving the price stability target, and I do not think at all that it is time that we reduce the level of monetary accommodation, which may not be very high at present compared to that in the United States, by raising interest rates.
While headline inflation is suppressed by lower energy prices, price pressures are expected to remain subdued on account of the sharp decline in real GDP and the associated significant increase in economic slack. In line with its mandate, the Governing Council is determined to ensure the necessary degree of monetary accommodation and a smooth transmission of monetary policy across sectors and countries.