2  BIS Review 134/2010  Let me now turn to monetary policy related issues. Currently we see a huge slack in our economy, which affects the behaviour of all economic actors. While there are clear signs of recovery in the export sector due to strong external demand, domestic demand is still very weak.
It is a great honor to be invited to this reception celebrating the 25th anniversary of the Deutsche Bundesbank in Tokyo and the opening of its new and enlarged office.