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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

  1. "Price stability" = A situation where households and firms can make decisions without being disturbed by fluctuations in the price level.
  2. 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.

How to read the verification levels. 'Read' means the material was read in its entirety. 'Bibliography and abstract confirmed' means the bibliographic information and abstract were verified. 'Via course material' means the source was referenced through the main text of a book or a country's monetary history. The text hash is the SHA-256 of the main text from the original source page, excluding tags and whitespace, used to detect if the material has been altered.