Koji Ishida: Economic activity and prices in Japan and monetary policy Summary of a speech by Mr Koji Ishida, Member of the Policy Board of the Bank of Japan, at a meeting with business leaders, Aomori, 11 September 2013. *  *  *  I. Monetary Policy  A.
So slowing home sales will decrease demand for goods that complement the purchase of a new home and that will put downward pressure on the prices of those goods. Furthermore, housing prices that were increasing at an annual rate of 20 percent as late as May slowed to about a 2 percent rate in October, according to data from Zillow.