The reasons behind this differ depending on economic and price developments in the respective countries and regions, but what they have in common is that their actions are based on the mandate of central banks to achieve the inflation target.
In this regard, as presented in the October Outlook Report, it is likely that the inflation rate in Japan will increase gradually toward fiscal 2023, by which time the pandemic is expected to have ended, but will not reach the price stability target of 2 percent by then.