February 9, 2022  Bank of Japan  Economic Activity, Prices, and Monetary Policy in Japan Speech at a Meeting with Local Leaders in Yamanashi (via webcast)  NAKAMURA Toyoaki Member of the Policy Board  (English translation based on the Japanese original)  I. Economic and Price Developments at Home and Abroad A.
Since Canada’s direct trade links to the euro area are limited, the effects would be felt mainly through confidence and financial channels, as well as through indirect trade links. •  We have also identified three important domestic risks.