So, we are making progress. There are, though, some uncertainties around this outlook, with the main ones lying in the international arena. A serious escalation of trade tensions would put the health of the global economy at risk and damage the Australian economy. We also have a lot riding on the Chinese authorities successfully managing the build-up of risk in their financial system.
Yukitoshi Funo: Economic activity and prices in Japan, and monetary policy in Japan Speech by Mr Yukitoshi Funo, Member of the Policy Board of the Bank of Japan, at a meeting with business leaders, Miyagi, 21 June 2018. * * *  I. Recent Economic and Price Developments A. Overseas Developments I would like to begin my speech by talking about overseas economies.