BoJ: Policy authorities must act decisively to avoid a second Great Depression

<p>In the summary of opinions of BoJ&#8217;s April 27 meeting, it&#8217;s warned that a &#8220;rapid economic contraction not seen since the Great Depression in the 1930s may occur in the short run&#8221;. And, policy authorities &#8220;must act decisively to avoid a second Great Depression&#8221;. Close cooperation between fiscal and monetary policies is &#8220;essential at the [&#8230;]</p>
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