The IMF announced the prospects of the world economy on 10th, referring to the economic growth rate of major countries including Japan, the United States, China, Germany, etc., next year in Japan, July As a result of an upward revision compared to the stage of the year, the global growth rate was also revised up 0.1 points, 3.7%.

Following the recovery of this economy, this month, the Federal Reserve Bank of America (FRB = Federal Reserve Board) will begin reducing the asset size of the Federal Reserve that expanded due to quantitative easing measures, and the European Central Bank also monetary easing The central bank in Europe and the United States is strengthening the movement to aim for normalization by converting an exceptional monetary easing measures that has been supplying a large amount of funds to the market after the financial crisis.

The IMF said that if monetary tightening rapid progresses in the West and the interest rates of major dollar and other major currencies become higher, the global gold flow may change from emerging countries to Europe and the United States I am doing.

For this reason, we analyze that there is a risk that the financial markets of emerging countries will be unstable, and also discussions at the G20 financial and central bank governor meeting by developed countries and emerging countries held in Washington this week It is expected that this will be done.