In other emerging economies, with varying degrees, rapid changes might take place due to the effects of information and telecommunications technology advancement and globalization. We need to continue to deliberately examine developments in overseas economies, including advanced and emerging economies, and the national authorities’ conduct of macroeconomic policy.
The current state of the economy Based on the developments in overseas economies, I will now turn to Japan’s economy. Japan’s economy has been picking up due mainly to the improvement in overseas economies and the effects of various policy measures. Exports, mainly to high growing emerging and commodity-exporting economies, have been increasing since the spring of 2009.