boj speech, 2023-06-22
The global macroeconomic landscape has changed significantly with the COVID-19 pandemic that began in 2020 marking a divide: the global economy is now experiencing a high-inflation, high-interest rate environment more or less for the first time since the 1970s, having transformed from a low-inflation, low-interest rate environment known as secular stagnation.
Sentiment: neutral
Topic: mp_economic_activity