Takako Masai: Economic activity, prices and monetary policy in Japan

Speech by Ms Takako Masai, Member of the Policy Board of the Bank of Japan, at a meeting with business leaders, Fukuoka, 29 November 2018.

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

 I would like to start my speech with a look at developments in economic activity and prices.

Following the discussion at the Monetary Policy Meeting (MPM) held on October 30 and 31, 2018, the Bank of Japan published the Outlook for Economic Activity and Prices, or the Outlook Report. In this report, the Bank presented its projections for Japan's economic activity and prices through fiscal 2020.

I will explain developments in economic activity and prices by presenting the main content of the Outlook Report.