In the baseline scenario, it is projected that, with the impact of COVID-19 waning gradually, Japan's economy will follow an improving trend, albeit moderately, also supported by a pick-up in overseas economies (Chart 4). Compared with early spring, many countries have been making responses while striking a balance between preventive measures and economic activity.
You may recall that the Minister for Economy made a Ministerial Statement on the importance of safeguarding the stability of Fiji’s financial system in the recent sitting of Parliament and therefore, I will be brief on this outcome.