Political developments in euro member countries warrant vigilance, starting with the outcome of the German federal election scheduled in September. Geopolitical risks, particularly in the Middle East, also require close attention. 2  BIS central bankers’ speeches  B.  Japan’s economy and prices  1.
Current state of and outlook for Japan’s economy  I will now explain the current state of, and outlook for, Japan’s economy given the overseas economic developments I have just outlined.