In the meantime, the start of operations for the Hokkaido Shinkansen line in fiscal 2015 is expected to have a large impact on the region’s economy. To take advantage of this opportunity, the private and public sectors have already started making joint efforts to promote the tourism industry with a view to fostering future cooperation with Aomori Prefecture.
France, Germany and Italy are excluded from the sample given that the ECB is included. Yet, many years of low and stable inflation have led to memories fading, particularly among young people, of just how bad a general and persistent rise in the price level can be for society at large. Many young people have never experienced inflation.