Objectives and Operations of the Bank of Japan  (Chart 6)  Operations  Objectives  Monetary policy Prudential policy  Price stability  Banknotes, payments and settlements Computer systems planning and development  International finance  Financial system stability  Research and studies Public relations  Source: Bank of Japan.
(Chart 7)  Japan's Experience Japan's Real Economic Growth and Inflation 8.0  Nominal Economic Growth by Country  (yoy, %)  6.0 4.0  Global Bubble's Japan's Financial bursting financial Crisis crisis Real economic growth rate Inflation rate  350  (CY1991=100) United States  300  United Kingdom France  250  Germany 2.0  200  0.0  150  -2.0 -4.0 FY 1981  Japan  100 Prolonged deflation 1991  2001  50 2011  CY  1991  1996  2001  2006  2011  2016  Note: Inflation rates are based on the CPI (less fresh food, adjusted for changes in the consumption tax rate).