In this context, I think that Japan – through the experiences and lessons it holds, such as with regard to balance sheet adjustments, quantitative easing, and the conduct of policy following the Plaza Accord, which are all relevant to the various problems facing advanced and emerging economies today – can actively participate in discussions and contribute to global economic stability. II.
The relative lack of support for globalisation among lower-skilled workers and the least educated could indicate that they are uncertain about the general costs and benefits of globalisation, but see the individual costs and benefits more clearly, perhaps more rationally.