Toshiro Muto: Outlook for economic activity and prices and the conduct of monetary policy in Japan Summary of a speech by Mr Toshiro Muto, Deputy Governor of the Bank of Japan, at the Keizai Club, Tokyo, 4 April 2007.
*  *  *  Introduction Today I would like to talk about the recent state of the economy and prices, as well as to explain the basic framework of, and thinking behind, the Bank of Japan's conduct of monetary policy, including the reasoning behind the policy adjustment at its Monetary Policy Meeting (MPM) in February. I.