Recent conduct of monetary policy  Let me now move on to the conduct of monetary policy.1 Based on the aforementioned assessment of economic activity and prices, the Bank of Japan undertook further aggressive monetary easing for two months in a row, in September and October 2012. The Bank’s decision can be summarized within the following two components.
They shared with me the joys of running their own businesses, of creating jobs, and of providing for their families as well as creating opportunities for their employees. They also spoke of their challenges, which I’m sure are familiar to many of you in this room.