With increasing urbanization, life expectancy, and breakdown of family support systems, the pressures for public funding for health care and support of the aged are bound to increase in Asia in the years to come. Among the key differences with the developed world are •  Ageing is taking place at much lower income levels and hence capacity to fund social welfare is lower.
3  The level of inflation that each Policy Board member understands, when conducting monetary policy, as being consistent with price stability over the medium to long term. 4  The midpoints of most Policy Board members’ “understanding” are around 1 percent.