Global MHD Simulations of Magnetic Reconnection in Accretion Disks and in Disk Corona Ryoji Matsumoto, Yoshiaki Kato, and Mami Machida We present the results of resistive MHD simulations of accretion disks around a star or a black hole. The initial state is a torus threaded either by the dipole magnetic field of the central object or toroidal magnetic fields. We assume anomalous resistivity to incorporate the effects of magnetic reconnection. Magnetorotational instability growing in the disk creates numerous current sheets. Magnetic reconnection taking place inside the disk reproduces 1/f-like X-ray fluctuations observed in black hole candidates. Three-dimensional MHD simulations of radiatively inefficient black hole accretion flows revealed that when dense blobs accrete, large-scale current sheets are formed in the innermost region of the disk. Magnetic reconnection taking place in the current sheet generates X-ray flares known as X-ray shots. When magnetic loops connect the central object and the disk, twist injection from the disk or from the central object leads to the inflation of the loop. Magnetic reconnection taking place inside the explanding magnetic loops inject hot plasmoids into the growing magnetic tower. In this model, the Poynting flux transports energy along the magnetic tower. This mechanism can explain the formation of semi-relativistic jets around a neutron star and relativistic Poynting flux dominated jets in black hole candidates.