I strongly hope that the government will continue to implement the growth strategy unwaveringly. 6  BIS central bankers’ speeches  Concluding remarks The conquest of deflation in Japan is now in sight. We intend to achieve the price stability target of 2 percent at the earliest possible time by steadily pursuing QQE.
As regards the economy, however, no sooner had inflationary pressures subsided in the wake of a fall in prices of food and petroleum products, when a new, still greater challenge appeared on the scene.