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"Thus, the questions we should ask here are what makes the current economic upswing different from the past two recoveries, and whether such differences are sufficient for the economy to reach the sustained growth path."
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"I hope that in this year to come, YOU make mistakes. Because if YOU are making mistakes, then YOU are making NEW things, trying NEW things, learning, living, pushing YOURself, changing YOURself, changing YOUR world. YOU're doing things YOU've never done before, n MORE importantly, YOU're doing something."
"Every morning, introduce one positive thought into your mind. Be persistent with it until it becomes your habit. It will change your life."
"Appreciate every little improvement. Forget to criticize every failure as long as you are learning from them."
"Accept losing but never give up the hope of winning"
"Adversity could be an advantage in the future. To be a success, take the advantage of adversity whenever possible."
"If you see only problems, then the doors of opportunities will close. If you see only opportunities, then problems will fly away."
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"The increased global linkages promote economic growth in the world through two key mechanisms: the division of labor and the international spillovers of knowledge."
"The aging and declining population will have far-reaching impacts. Declining fertility rates will possibly increase immigration. The structure of family and society will inevitably change."
"The direct investment of Japanese businesses to East Asian economies accelerates the reallocation of their production bases. Consequently, between Japan and the other East Asian countries, both exports and imports are growing substantially."
"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."
"The staff at the Institute will present an analysis on how asset price fluctuations and subsequent structural adjustments influence sustained economic growth, based on Japan's experience since the second half of the 1980s."
"The aging and decreasing population is a serious problem in many developed countries today. In Japan's case, these demographic changes are taking place at a more rapid pace than any other country has ever experienced."
"However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound."
"During the past two decades, inflation has fallen to a low level in major industrial countries."
"In this context, the current recovery in the Japanese economy is taking place in tandem with the growing interdependence with the rest of the world, particularly with the other East Asian economies."
"The standard growth theory tells us that economic growth in per capita basis comes from mainly two sources: capital deepening and total factor productivity growth, or TFP growth."
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