His theories have had an immense influence on the economic policies of all the major countries up to today; they have also been subjected to stretched interpretations and used for shortsighted policies in the field of public finances. That public works could be used to alleviate unemployment was something rulers had always known.
The first point I would like to make is with regard to the difficulty of establishing an appropriate resolution framework. During Japan’s financial crisis in the 1990s, the Japanese authorities were repeatedly criticized for acting too late. Admittedly, looking back, we could have acted more swiftly in some areas.