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, Okayama, 12 December 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 Okayama 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 Okayama Branch.

Yesterday, I looked at the recovery of areas that were severely damaged by the heavy rain in July 2018, such as Mabicho. It was heartbreaking to see that the impact of the disaster remains even after a year and a half has passed. However, at the same time, it was very encouraging to know that the locals are making steady progress toward recovery. I would like to express my deepest respect for everyone's efforts.