Taking these points into account, I believe that it is important that the Bank, for the time being, continues to firmly pursue powerful monetary easing under the current policy framework. Recently, some have come to believe that the price stability target of 2 percent is too high, due in part to improvements in economic activity.
I, however, am of the opinion that the Bank should not readily change the 2 percent price stability target, because this target was set after giving due consideration to domestic and overseas circumstances. Let me elaborate on this point. First, the CPI has a statistical tendency to assert a higher inflation rate than the inflation that people actually experience.