I have to say that the elevated level of uncertainty makes it exceedingly challenging to say how economies will fare in the near future. 7. Let me now share with you the MPC’s assessments. International economic developments 8. I will start with the global economic conditions. 9. The COVID-19 pandemic has triggered a very deep global recession.
Introduction It is my pleasure to have the opportunity today to exchange views with administrative, financial, and business leaders in Ehime Prefecture. I would like to take this opportunity to express my sincerest gratitude for your cooperation with the activities of the Bank of Japan’s Matsuyama Branch.