Takehiro Sato: Recent economic and financial developments and monetary policy in Japan

Speech by Mr Takehiro Sato, Member of the Policy Board of the Bank of Japan, at a meeting with business leaders, Tokushima, 1 March 2017.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Introduction 

Thank you for giving me this opportunity to exchange views with people representing the political, economic, and financial communities of Tokushima Prefecture. I would like to take this opportunity to express my sincere gratitude for your cooperation with the activities of the Bank of Japan's Takamatsu Branch and Tokushima Office.  

In today's speech, I will begin by focusing on recent economic and financial developments in Japan and abroad, as well as the Bank's recent monetary policy. I will then touch briefly on the economy of Tokushima Prefecture. Following my speech, I would like to hear your views on actual conditions in the local economy and on the Bank's conduct of monetary policy.