Masayoshi Amamiya: Japan's economy and monetary policy

Speech by Mr Masayoshi Amamiya, Deputy Governor of the Bank of Japan, at a meeting with business leaders, Yamaguchi, 31 January 2019.

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

Introduction

It is my pleasure to have the opportunity today to exchange views with administrative, financial, and business leaders in Yamaguchi Prefecture. I also would like to take this opportunity to express my sincere gratitude for your cooperation with the activities of the Bank of Japan's Shimonoseki Branch.

At the Monetary Policy Meeting (MPM) held last week, the Bank updated its projections for Japan's economic activity and prices through fiscal 2020 and released them in the January 2019 Outlook for Economic Activity and Prices (Outlook Report). Today, I would like to explain the Bank's outlook for Japan's economic activity and prices as well as the recent conduct of monetary policy, while outlining the Outlook Report.