Monetary policy and the economic outlook in Japan

SPEECH - Given by Kazuo Ueda, Member of the Policy Board of the Bank of Japan, at Council on Foreign Relations in New York, May 11.


In Japan we now seem to have a pro-reform cabinet. Many people, both within and outside of Japan, are waiting anxiously for the new prime minister to start delivering on his promises. Structural reform will be the talk of the country for months or years to come. Looking backwards, however, we notice that serious restructuring efforts in some areas and/or

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