Taking it all together is this a cyclical upswing or a structural recovery? So far it’s entirely cyclical. In my view, the single most important issue for European governments, ministers and leaders is how to make it structural. The recovery so far has been mainly driven by monetary policy and low commodity prices.
December 4, 2017  Bank of Japan  Innovation and the Future of Finance Remarks at the Paris EUROPLACE Financial Forum in Tokyo  Haruhiko Kuroda Governor of the Bank of Japan  I. Paris International Expositions in the 19th Century -- Exploring the Future through New Technologies -It is a great honor to have the opportunity to give a speech at the Paris Europlace Financial Forum today.