And, for the participating countries, that means facing the associated new economic and political challenges and accepting political limitations. Monetary stability is not a substitute for the right solutions. But it is the basis for them, and promotes orientation towards the future. Keeping the euro enduringly stable is one of the major future tasks for Europe.
Third, businesses should respond to the growing demand overseas by making the most of the momentum towards globalization. If the Japanese economy is a “closed economy,” Japan will not be able to avoid all the repercussions of the decreasing population. However, Japanese businesses can grow by meeting the demand overseas, especially in economies with higher population growth or in fast-growing emerging economies.