The theme of this dinner is “the church, business and the economy”. Most of us here are Christians and we take our faith seriously and try to live our lives in line with the teachings of the church.
The intention is to close the negative output gap and put Japan’s economy back on track to a sustainable growth path, or potential growth path. I will explain my own thinking about the first arrow’s transmission mechanism and its effects on economy activity as plainly as possible. BIS central bankers’ speeches  1  The second arrow is flexible fiscal policy.