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Summary of Opinions at the Monetary Policy Meeting on October 27 and 28, 2021
I. Opinions on Economic and Financial Developments: Economic Developments: • Japan's economy has picked up as a trend, although it has remained in a severe situation due to the impact of the novel coronavirus (COVID-19) at home and abroad. • Although Japan's economy is expected to be pushed down for the time being by the impact of COVID-19 and supply-side constraints, it is likely to recover moderately along with the materialization of pent-up demand. • The baseline scenario that Japan's economy will recover is expected to be maintained. This is because, although downward pressure on production and exports ... (full story)
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