Haruhiko Kuroda: A new phase of the global economy and challenges facing Japan's economy

Speech by Mr Haruhiko Kuroda, Governor of the Bank of Japan, at the Meeting of Councillors of Nippon Keidanren (Japan Business Federation), Tokyo, 26 December 2016.

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

Introduction

It is a great honor to have this opportunity to address such a distinguished gathering of business leaders in Japan today. 

2017 is now just a week away. Today, to round off 2016, I would like to take a look back at this year's economic developments. Then, from a somewhat longer-term perspective, I would like to talk about the current phase of the global economy, and close my speech by touching on challenges facing Japan's economy, looking ahead to next year.