This can be elaborated with several measurable examples but time limit does not permit to do so. 8. Extending that argument further, would it mean that there could be two ways to address the challenge of defeating poverty? a. State ensures availability of quality amenities I mentioned earlier to all needy citizens – question is, whether it is feasible?
Japan has experienced the asset price bubble in the fairly favorable price environment and resultant long-lasting economic stagnation in the last two decades. Japan’s experience suggests the importance of assessing the sustainability of price stability over a fairly long period, which many central banks have emphasized in recent years.