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Monday, 26 March 2012 - 8:04
Japanese economist advises SL economy
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A top Japanese economist has told Sri Lanka Proper economic management is the key to prosperity, not whether a country is resource-rich or poor.

He also said that price stability is also necessary for development and should be considered a priority by policymakers.

He told a forum to mark 60 years of diplomatic ties between Japan and Sri Lanka that good policy dialogue between government and business was another key ingredient in Japan's success and recovery after the devastation caused by the Second World War.

Japan began rebuilding her economy after the war around 1950 after price stabilization was achieved following a bout of hyperinflation during 1946-48 when inflation hit three-digit levels.

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