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Kuroda: The Bank's Semiannual Report on Currency and Monetary Control
I will first explain recent economic and financial developments. The global economy has become depressed rapidly, reflecting the impact of the novel coronavirus (COVID-19) pandemic. Economic activity has been disrupted significantly worldwide as a result of preventive measures against the spread of COVID-19 taken by each country and region, such as restrictions on going outside and immigration/emigration. According to the latest World Economic Outlook released by the International Monetary Fund (IMF), the global economy is projected to register large negative growth of minus 3.0 percent for 2020, which is worse than ... (full story)