I. Economic Developments Let me start by talking about economic developments. Japan's economy is expanding moderately, with a virtuous cycle from income to spending being maintained in both the corporate and household sectors.
Decisions by the board will enter into force within 24 hours of their adoption, unless the  2  BIS central bankers’ speeches  Commission or the Council, acting by simple majority on a proposal by the Commission, objected or called for changes. The national resolution authorities will be responsible for the practical implementation of the resolution schemes.