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BOJ’s Shirakawa: Overseas Economies Have Moved Somewhat Deeper Into Deceleration Phase
European economy is slowing gradually; China’s economy is experiencing a prolonged slowdown; (debatable) Japan’s economic growth is leveling off as exports and imports weaken, but will return to a moderate recovery; US economy is gradually improving; Worsening European debt crisis is causing turbulence in markets; Concerned that companies may delay investment due to slowdown; BOJ is pursuing powerful monetary easing; Need to achieve sustainable growth with price stability;
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