It is sometimes pointed out that the government’s industrial policy or so-called “Japan Incorporated” was the key factor behind Japan’s economic miracle. I believe such public sector influence is overstated. When we look at the  1  The Conference was held on May 5th and 6th under the theme, “Monetary Policy under Resource Mobility”.
The ECB’s role in financial stability The ECB’s financial stability mandate is based on Article 127 of the Treaty and comes in addition to its primary objective of price stability. It involves several duties.