That would be close to the bank's target of 2 percent.
Inflation has been above the bank's target of 2.5 percent for several months.
The 4 percent target for 1999 was no longer viable, they argued.
Britain announced long ago that it would meet the 0.7 percent target by 2013.
The annual growth rate toward the fifty percent target is predicted to be 0.4%.
The bank's guidelines are primarily to hold down inflation to a target of 2.5 percent.
It had set a target of at least 20 percent for the foreign share of Japan's market.
For the 2004 elections, the party set a target of 15 percent of the vote.
To meet the 90 percent target, the Abboud group must be able to buy back about $203 million of the bonds.
He also predicted that European inflation would not decline below the bank's target of 2 percent a year for at least another 18 months.