現げん在ざい進しん行こう形けい
Meanings
Noun
1. present continuous tense; present progressive form
No-adjective
2. ongoing; (currently) active; currently in progress
Kanji used
Composed of
現げん在ざい
the present; present time; now; as of; present tense; this world; this life; to actually exist; to exist right now; to exist right in front of one
Noun
進しん行こう
moving forward (e.g. of a vehicle); onward movement; progress (of work, activities, etc.); advance; making headway; progression (of a disease, global warming, etc.); progression (e.g. chord progression)
Noun
形けい
form; adjective; i-adjective (in Japanese)
Suffix
Examples2
The grammatical form employed here is the present progressive.
In the official question collection it is explained as being "passive voice of the present continuous tense".