By conducting similar exercises, in this case for monetary policy, a central bank can minimize the damage from a collapse of an asset price bubble without having to judge that a bubble is in progress or predict that it will burst in the near future.
In such a society, the idea of a traditional three-stage work-life model -- first education, then work, and finally retirement -- will become outdated, and a multi-stage model -- undergoing many life and career transitions -- will become the new standard. In this regard, the Japanese government is promoting working-style reforms that also take longevity into consideration.