3.1  Financial market regulation  Yet, the crisis has also called into question a number of economic policy paradigms. First and foremost, the financial and debt crisis has revealed design flaws in the financial and monetary systems. The liberalisation of the financial markets is now viewed much more critically than before the crisis.
Meanwhile, consumer prices are somewhat weak due to a decline in prices of imported products reflecting the past 1  This report was written based on data and information available when the Bank of Japan Monetary Policy Meeting was held on 8 March 2000.