August 2, 2017  Bank of Japan  Economic Activity, Prices, and Monetary Policy in Japan Speech at a Meeting with Business Leaders in Sapporo  Yukitoshi Funo Member of the Policy Board  (English translation based on the Japanese original)  I. Recent Economic and Price Developments A.
Overseas Developments I would like to begin my speech by talking about developments in overseas economies. Business sentiment of manufacturing firms has been on an improving trend on a global basis, and the world trade volume has been recovering. In this situation, overseas economies have continued to grow at a moderate pace on the whole.