Moreover, Tokushima Prefecture as a whole has recently been conducting initiatives bolder than before, including the "Vs. Tokyo 'Comeback to Tokushima' Comprehensive Strategy," which has been formulated by the local government. In relation to the manufacturing industry, Tokushima Prefecture has continued to actively invite and support LED-relating firms, with the number of such firms operating in the prefecture already exceeding 100.
These provisions facilitated fiscal consolidation during 2003–08 and afforded the Reserve Bank the necessary flexibility to implement monetary policy aimed at low and stable inflation. 43. Like elsewhere in the world, both monetary and fiscal policies were eased in India too in response to the crisis. In particular, this meant interrupting the fiscal consolidation process enjoined by the FRBM Act.