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Yellen: Japan in the Global Economy II
I greatly appreciate the invitation from the Institute of International Finance to participate in this session on Japan's role in the global economy. Today, I will offer some reflections on factors holding back the recovery in advanced economies, the contribution that emerging Asia can make in boosting global growth, and the challenges facing Japan. We have seen marked differences in the strength of countries' recoveries from the global financial crisis. Most advanced economies are growing very slowly and operating well short of potential. By historical standards, their performance is even more anemic that we would ... (full story)
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