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Takata: Economic Activity, Prices, and Monetary Policy in Japan
I will begin by talking about the current situation of economic activity and prices. Overseas economies have grown moderately on the whole. Chart 1 shows developments in the global economy as presented in the July 2024 World Economic Outlook (WEO) Update released by the International Monetary Fund (IMF). Although the U.S. economy has been affected by past policy interest rate hikes, it has grown moderately, mainly led by private consumption, and is likely to continue to do so. European economies have started to bottom out and are expected to pick up moderately. Despite the continued effects of adjustments in the real ... (full story)