Recent Developments and Outlook for Economic Activity at Home and Abroad I would like to start my speech by looking at developments in the global economy affecting Japan's economy. Since the autumn of 2017, improvement in economic sentiment has been noticeable worldwide (Chart 1).
Increasing access to affordable housing is critical to creating opportunities for homeownership for LMI households and with it the chance to build wealth through home  See Elliot Anenberg, Aurel Hizmo, Edward Kung, and Raven Molloy, “Measuring mortgage credit availability: A frontier estimation approach,” Journal of Applied Economics, 34(6), 865-882; Laurie Goodman, Jun Zhu, Taz George, “Four million mortgage loans missing from 2009 to 2013 due to tight credit standards,” Urban Wire: Housing and Housing Finance (blog), Urban Institute, April 2, 2015, https://www.urban.org/urban-wire/four-million-mortgage-loans-missing-2009-2013-due-tight-creditstandards.