Alternatives to Japan’s 2% flexible inflation target

BoJ may review its framework due to ongoing failure to hit 2%

2% montage

The search for a better monetary policy framework has increasingly become one of the main topics discussed among central banks in advanced economies. Before the global financial crisis of 2008–09, central banks reached a consensus that ‘flexible inflation targeting’ – which attempts to achieve the specific inflation target in the longer run by taking into account resource maximisation – was the main pillar of any monetary policy framework.

Such a consensus reflects the success achieved by many

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account