The Bank of Japan is also actively taking part in this process, through the G20 meetings and various venues for international discussion. The fourth challenge is to develop various safety nets. In order for the economy to grow in a sustainable manner, it is essential to have sustainable expansion of private consumption.
This is owing to the fallout from the sovereign debt crisis in Europe and a more protracted recovery in household demand.   In Canada, the economic recovery is unfolding largely as expected, and is supported by continued fiscal and monetary stimulus, higher terms of trade, improved labour markets, and household confidence, as well as the global recovery.