Relationship with Labor Market Reform III. Addendum: Recent Discussion on Fiscal Policy Measures Concluding Remarks 17  Chart 14  Recent Discussion on Fiscal Policy Measures  • Helicopter Money • FTPL (Fiscal Theory of the Price Level)  18  Today's Topics Introduction I. Lessons of Japan 1. Determinants of Long-Term Inflation Expectations 2. Negative Effects of Excessively Low Long-Term Inflation Expectations II.
Issues regarding Long-Term Inflation Expectations 1. Formation Mechanism 2. Reasons for Low Expectations in Japan 3. Relationship with Japan's Financial Crisis 4. Relationship with Labor Market Reform III. Addendum: Recent Discussion on Fiscal Policy Measures Concluding Remarks 19