Yutaka Yamaguchi: The economic situation and monetary policy in Japan1 Speech by Mr Yutaka Yamaguchi, Deputy Governor of the Bank of Japan, at the Economic Seminar of the Japan Research Institute, Tokyo, 26 November 2001. *  *  *  I am honored to have been given the opportunity to talk before this distinguished audience.
My topic today is the economic situation and monetary policy in Japan. There are many issues I would like to talk about related to this topic, but as my time is limited, I would like to focus on the current issue in the economy, the continuous decline in prices.