Bank of Japan’s January report of recent economic and financial developments 1 Bank of Japan, 20 January 2006. *  *  *  The Bank’s view 2 Japan's economy continues to recover steadily. Exports have continued to increase, and the uptrend in industrial production has become evident. Business fixed investment has continued to increase against the background of high corporate profits.
I am greatly honored to be nominated by President Biden to serve as Vice Chair of the Board of Governors of the Federal Reserve System. If confirmed to this position, I look forward to continuing to work with members of this Committee. We are seeing the strongest rebound in growth and decline in unemployment of any recovery in the past five decades.