Yoshihisa Morimoto: Economic activity and prices in Japan and monetary policy Speech by Mr Yoshihisa Morimoto, Member of the Policy Board of the Bank of Japan, at a meeting with business leaders, Nagasaki, 23 June 2011. * I.
*  *  The current situation of and outlook for the world economy  The Bank of Japan released its latest Outlook for Economic Activity and Prices (hereafter the Outlook Report) on April 29. The report presents the scenario for Japan’s economy considered to be the most likely by the Bank.