(5) Promoting intellectual prosperity and continuously enriching its content by cultivating a good financial culture and improving the financial literacy of the whole population. Financial culture emphasizes honesty and trustworthiness, spirit of contract, rational investment and a risk-based approach. It not only promotes material wealth, but also constitutes an organic part of intellectual prosperity.
In contrast to the positive developments in the US and the UK, growth in the euro area and Japan has stalled, with policymakers in these countries indicating their willingness to take strong remedial action to mitigate against a protracted recession and extremely low inflation.