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(BOJ) The Current Situation of and Outlook for Japan's Economy and the Conduct of Monetary Policy
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I. The Current Situation of and Outlook for Japan's Economy

A. The Current Situation in Financial Markets

The topic I would like to discuss today is the current situation of, and outlook for, Japan's economy and the Bank of Japan's conduct of monetary policy. Let me begin by looking at developments in global financial markets, which experienced the unprecedented turmoil triggered by the failure of Lehman Brothers in autumn last year.

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