Masaaki Shirakawa: Japan’s economy and monetary policy Keynote speech by Mr Masaaki Shirakawa, Governor of the Bank of Japan, at the 2008 International Monetary Conference, Barcelona, (via satellite), 3 June 2008. *  *  *  Thank you, Mr. Chairman. I will give you my thought on Japan’s economy and monetary policy in the present context.
With regard to the global economic conjuncture, I don’t have much to add to the views expressed by my colleagues. In light of the persistent tensions in financial markets and slowing growth in the advanced economies, we need to keep a close watch on how the negative feedback loop between financial markets, asset prices and the real economy will play out going forward.