But these are side-effects of a strategy that aim at ensuring price stability, which is by essence neutral as regards income distribution. OMTs are just an aspect of such a strategy. The emergence of redenomination risk resulted into a situation where monetary policy decisions were not evenly transmitted to specific market segments and regions in the euro area.
One example is Japan's individual savings account for the long-term, diversified, and periodic investment of a small fixed amount with tax exemption, or the Tsumitate NISA. Another example is individual-type defined contribution private pension plan with various tax benefits, or the iDeCo. As life expectancy increases, people need to find ways to extend the life of their financial assets.