Developments in overseas economies and in exchange rates  Considering that I have paid this region a visit every year just around this time in November, let me begin my talk by reflecting on developments in the economic environment surrounding Japan’s economy over the past year, especially in overseas economies and exchange rates. To start with, I will outline developments in overseas economies.
Analysts expect inflation to continue easing and settle within the government’s target range. However, possible upward pressures are seen to keep inflation from further decelerating.