The third factor is developments in household and business sentiment. Sentiment indicators – especially of manufacturing – had been resilient, despite the weakness in Japan’s economic indicators; however, sentiment now seems to have weakened, as evidenced by the fact that developments in the diffusion indices (DIs) in the latest Economy Watchers Survey have become more sluggish recently.
Tiff Macklem: Panel remarks Remarks (delivered virtually) by Mr Tiff Macklem, Governor of the Bank of Canada, at the Public Policy Forum, Ottawa, Ontario, 17 November 2020. * * * I am very pleased to be here today, and I want to commend the Public Policy Forum for organizing this event. Chairing the Expert Panel on Sustainable Finance was a rewarding experience.