In the United States, the Federal Reserve has a dual mandate for both inflation and employment. In recent years, the Federal Reserve has interpreted that mandate a little more closely to be an inflation targeting mandate, effectively through the members of the Federal Reserve identifying what their medium-term objective is for inflation.
In Japan, there is a level of inflation at a bit less than 1%, which is the central objective of the members of the board of the Bank of Japan. It's somewhat similar, but it's not as explicit. One of the advantages of an inflation targeting framework is the clarity that it provides. When we come in front of this committee, you know what we're supposed to have done on the monetary side.