From January 2014 and for some time, the Bank will purchase about 13 trillion yen in financial assets, including about 2 trillion yen of JGBs, every month without setting any termination date. B. The Bank’s price stability target and its importance  Next, I would like to discuss in more detail the inflation targeting system, looking at examples of overseas systems.
Article 2 of the Bank of Japan Act stipulates that “currency and monetary control by the Bank of Japan shall be aimed at achieving price stability, thereby contributing to the sound development of the national economy.” This tells us that achieving price stability is the precondition for the sound development of the national economy and that the sound development of the national economy – which deeply impacts public welfare – is the ultimate target of the monetary policy conduct.