February 9, 2022  Bank of Japan  Economic Activity, Prices, and Monetary Policy in Japan Speech at a Meeting with Local Leaders in Yamanashi (via webcast)  NAKAMURA Toyoaki Member of the Policy Board  (English translation based on the Japanese original)  I. Economic and Price Developments at Home and Abroad A.
Recent Developments and Outlook for Economic Activity and Prices I will begin my speech by talking about recent developments in economic activity and prices. Overseas economies have recovered on the whole, albeit with variation across countries and regions, with the impact of the novel coronavirus (COVID-19) waning gradually (Chart 1).