This finding should underscore the need to begin the learning process as early as possible. In the long run, better child-rearing and better basic education at the elementary and secondary school levels are essential to providing the foundation for a lifetime of learning.
The Bank of Japan’s QQE seems to have started to exert effects both in terms of lowering real interest rates and an increase in the natural rate of interest. Let me explain this in order. Lowering real interest rates First, let me consider the effect of lowering real interest rates.