Speech by Ms Junko Nakagawa, Member of the Policy Board of the Bank of Japan, at a meeting of the Okayama Club, Okayama,10 November 2025.
Introduction
It is my pleasure to have the opportunity to address the members of the Okayama Club today. I would like to begin by talking about the current situation of Japan's economic activity and prices and the outlook, and then talk about the Bank of Japan's conduct of monetary policy. Afterward, I look forward to hearing from you about the situation this region is currently facing, and I would also be grateful to hear your views on the Bank's policies and business operations.
I. Current Situation of and Outlook for Economic Activity and Prices
A. Current Economic Developments in Japan
The Bank judges that Japan's economy has recovered moderately, although some weakness has been seen in part.