Japan's exports have increased -- mainly led by automobile-related and IT-related exports -- on the back of the growth in overseas economies. In addition to such strong external demand, domestic demand has been on an increasing trend. Specifically, business fixed investment has been on a moderate increasing trend, while corporate profits have marked record high levels (Chart 3).
As you may be aware, this Memorial Lecture Series was launched in 1983 by Mr. Victor Bruce, our first local Central Bank Governor, following Dr. Williams‟ passing in 1981. Over the past twenty five years or so, the Lecture Series has emerged as a high level intellectual forum that critically examines issues relevant to Dr. Williams‟ legacy of Caribbean nationhood and identity.