boj minutes, 2006-03-09
Some members said that, given that price stability in terms of a numerical value would change with changes in the price formation mechanism, it would be difficult to indicate a single numerical figure representing the consolidated view of the members as a target rate of inflation, a reference rate for price stability, or a numerical definition of price stability in the current situation where the structure of the economy was at a turning point.
Sentiment: neutral
Topic: mp_inflation