Bank of Japan Governor Kazuo Ueda focused his Friday remarks on the modern history of Japan's current account surplus and did not comment directly on monetary policy.
Ueda spoke at the International Monetary Fund on the theme of "Japan's current account surplus and corporate adjustment."
He said that "the pace of bank lending growth has recently exceeded 5%," which is "the fastest pace in three decades. Helped by the return of moderate inflation, corporate risk appetite appears to be recovering."
He noted that Japan's current account surplus has shown remarkable resilience.
He said Japan "holds a very large stock of net external assets, and the return advantage of overseas investment over domestic investment remains substantial."
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