As you may know, at the Monetary Policy Meeting (MPM) held on October 31, 2013, the Bank updated its outlook for Japan’s economic growth rate and rate of price changes over the three-year period through fiscal 2015. Also in October, the Bank released the Outlook for Economic Activity and Prices (hereafter the Outlook Report).
To put this thought experiment into perspective, this 3/6  BIS central bankers' speeches  could increase Canada’s potential output by as much as 1.5 per cent, or about $ billion per year.