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2 “...The situation in financial markets deteriorated over the past year, but government actions have...”

3 “... and, through an impact on balance sheets, borrowing costs. Recent financial market developments may have made...”

4 “...The financial market outlook and risks as well as the impact of regulatory reforms on the financial...”

5 “...Financial markets have recovered substantially but vulnerabilities remain significant. Ample...”

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7 “... financial market. Turning to Japan, the level of debt is projected to rise rapidly and there is a need...”

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