-
Overcoming Labor Shortages: Prospects for Sustainable Economic Growth
Introduction It is a great honor to have this opportunity to address such a distinguished gathering of business leaders in Japan today. The year has flown by, and 2018 is now just a week away. Today, to round off 2017, I would like to take a look back at this year's economic developments both at home and abroad, and elaborate on Japan's current economic recovery phase -- the second longest in the post-war era -- while making comparisons with past recovery phases, focusing in particular on labor shortages and firms' efforts to overcome them. I would then like to explain the Bank of Japan's conduct of monetary policy ... (full story)