But given the relatively low inflation rates around the world, especially among industrial economies and therefore, on average, relatively low nominal interest rates, it is a subject of interest to a wider audience. Second, some of what we can learn from the debate about monetization in Japan may also enrich our understanding of how monetary policy works in normal times.
In addition,  BIS Review 86/2010  3  since 2005, the industry suffered the loss of a quota system for garment exports to the United States, which saw the closure of a major garment manufacturer, which generated approximately 50% of total garment production. Moreover, the implementation of the minimum wage regulation effective from July 2009, has increased the cost of producing garments.