The recent increase in uncertainties surrounding overseas economies likely has led to a more cautious sentiment among firms to some extent. In addition, there is also a possibility that the experience of prolonged low growth and deflation makes such uncertainties appear greater. However, there is no need to fall into excessive pessimism for reasons I will now explain.
And that’s why I am pleased to see that we have gathered such a diverse group of experts and stakeholders here today. I am now looking forward to hearing your views and discussing them with you. 4/4  BIS central bankers' speeches