The topic of this panel, "Monetary Policy Boundaries: Alternative Instruments and Policy Coordination" is particularly timely, since many central banks including the Bank of Japan have already crossed conventional boundaries. They have been conducting unconventional policies since the current crisis erupted a couple of years ago. Some call them credit easing, and others describe them as quantitative easing.
Credit, however, is only one among several inputs needed for boosting agricultural production. Experience shows that the quality and reach of extension services is crucial. Clearly, there is need for greater effort at bringing extension services in NER at par with those in other States.