In fact, in Sweden, as wages rise stably, the year-on-year rate of change in the CPI has been around 2 percent over the business cycle. Japan’s economy is now seeing a wide range of positive developments in the real economy and the financial market, as well as an improvement in people’s mindset and expectations. It is a golden opportunity for overcoming deflation.
Compared to other countries, we have greatly improved in this parameter due to an increase in the debt levels of many countries as a result of the crisis, but it is very important for the State of Israel that the debt to GDP ratio be low.