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.

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.