The Bank of Japan’s January report of recent economic and financial developments BANK OF JAPAN, COMMUNICATION, 6/2/98. Summary Japan’s economic growth remains stagnant. Sluggish domestic demand, especially household expenditures, has been exerting negative influence upon production, employment and income. Corporate sentiment has also weakened.
Among the European central bank governors in the European Monetary Institute, there is a broad consensus today about monetary policy objectives and strategy. That consensus must be preserved in the European Central Bank. That applies also to the view that internal stability has priority over external stability.