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The timing of a global economic recovery is being delayed as weaker global trade weighs on manufacturing, Bank of Japan Gov. Haruhiko Kuroda has said.

Recent developments over the U.S.-China trade conflict together with Brexit “have reduced uncertainty somewhat,” Kuroda said to reporters in Washington on Thursday, on the sidelines of International Monetary Fund meetings. “But as you know,” he added, “the scope of the U.S.-China trade and economic conflicts is very large, and it remains to be seen how the situation will develop down the road.

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