Masayoshi Amamiya: Japan's economy and monetary policy

Speech by Mr Masayoshi Amamiya, Deputy Governor of the Bank of Japan, at a meeting with local leaders, Tokushima, 8 December 2021.

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 leaders in administrative, financial, and economic areas in Tokushima Prefecture. I would like to take this chance to express my sincere gratitude for your cooperation with the activities of the Bank of Japan's Tokushima Office and Takamatsu Branch.

Since the outbreak of the novel coronavirus (COVID-19), roughly two years ago, we have had to exchange views online when holding meetings with local and business leaders across Japan. Today, I am very grateful to visit here to meet with you face-to-face at this gathering and gain insights from your positive efforts toward boosting the local economy under the severe COVID-19 pandemic.

At the outset of this meeting, I would like to explain the Bank's view on economic and price developments, and also talk about its thinking on recent financial conditions surrounding firms and on the conduct of monetary policy.