D.  Forward guidance: Differences between Japan and other advanced economies  Next, I would like to make a brief comparison between forward guidance in Japan and that undertaken in the United States and Europe, details of which are included in the Appendix to my speech.
I consider that there are two fundamental differences between the Bank’s current forward guidance and those adopted in other advanced economies. Need to anchor inflation expectations at the inflation target First and most importantly, major advanced economies including the United States and the United Kingdom successfully anchored the medium- to long-term inflation expectations at around 2 percent, as opposed to the case in Japan.