At the workshop, we will hear from financial literacy providers on successful approaches which have improved the financial behaviours of people with low levels of functional as well as financial literacy. Improved financial literacy can increase economic participation and social inclusion, drive competition and market efficiency in the financial services sector.
I never imagined that a host of unconventional measures taken by the Bank of Japan would be adopted by other central banks just a few years later. I also guess that my colleagues at central banks in other countries never imagined employing such policy measures.