Yukitoshi Funo: Economic activity, prices in and monetary policy Japan

Speech by Mr Yukitoshi Funo, Member of the Policy Board of the Bank of Japan, at a meeting with business leaders, Shizuoka, 22 March 2017.

I. Recent Economic and Price Developments

A. Overseas Developments

I would like to begin my speech by talking about developments in overseas economies. An improvement in business sentiment of manufacturing firms has become evident on a global basis, mainly on the back of an increase in IT-related demand and of the progress observed in emerging economies in inventory adjustments of materials. In this situation, overseas economies have continued to grow at a moderate pace.