SOURCE ROOM
Please explain the Bank of Japan's view on "price stability" and its "price stability target."
Bank of Japan (Tell me! Nichigin)
Claims Supported by This Source
- "Price stability" = A situation where households and firms can make decisions without being disturbed by fluctuations in the price level.
- At the Monetary Policy Meeting in January 2013, the "price stability target" of a 2% year-on-year rate of increase in the consumer price index was introduced.
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