This confirms that people's financial literacy  3  increases with various experiences through life and with more opportunity to engage in financial transactions and acquire financial and economic information. How does the level of financial literacy in Japan compare with that in other countries?
I would argue that central banks cannot process political risks in the same way as economic risks, for two reasons. The first relates to the degree of uncertainty that surrounds political risks. Here it is useful to recall Frank Knight’s classic distinction between risk and uncertainty. 8 Risk is present when future events occur with measurable probability.