Hiroshi Nakaso: The potential impact of large-scale monetary accommodation Remarks by Mr Hiroshi Nakaso, Deputy Governor of the Bank of Japan, at the Paris Europlace Financial Forum, Tokyo, 25 November 2014. *  *  *  Introduction It is a great honor to have this opportunity to speak today before the Paris Europlace Financial Forum.
Stock prices continue to be weak and are moving around the lowest level recorded since the beginning of 2000. In the foreign exchange market, the sharp depreciation of the yen since late December has come to a pause. The yen is currently being traded in the range of 114-117 yen to the U.S. dollar.