Current Situation of Economic Activity and Prices and the Baseline Scenario of the Outlook The Bank of Japan explains the current situation of Japan’s economic activity and prices and the baseline scenario of the outlook in the Statement on Monetary Policy, which is released after each Monetary Policy Meeting (MPM), and in the Outlook for Economic Activity and Prices (the Outlook Report), which is published quarterly.
A flexible economy is an economy which constantly adapts, one which is capable of taking advantage of technological progress, of the opportunities offered by the changes taking place in the global economy. The economies which are more flexible have more growth and more jobs for themselves and their children. In Europe today, it’s the more flexible economies which have achieved full employment.