Our assessment then was that inflation would remain within the government’s target range of 2 to 4 percent over the policy horizon and that the risks to this forecast are balanced. FOR NOW, therefore, we deem the stance of monetary policy to be APPROPRIATE. 2. Being deliberate in adopting the global financial reform agenda.
The strategy refers to the Nippon Individual Savings Account (NISA), a tax-free small-lot investment program introduced in 2014.