Toshihiko Fukui: Developments in Japan’s economy in 2006 and the outlook for 2007 Summary of a speech by Mr Toshihiko Fukui, Governor of the Bank of Japan, to the Board of Councillors of Nippon Keidanren (Japan Business Federation), Tokyo, 25 December 2006. *  *  *  Introduction There is now less than a week until the end of 2006.
The Committee also expects to gradually unwind the additional monetary policy tools that were introduced last year. The Committee stopped purchasing assets under the Large Scale Asset Purchasing (LSAP) programme in July. We intend to manage our LSAP bond holdings down in a way that maintains the smooth functioning of financial markets.