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Toshihiko Fukui

"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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"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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Donna Grant

"You may not be able to control the whole world, but you may learn to control your inner world through yoga."

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Personal Development

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Donna Grant

"Tomorrow is the next step in life-not the next stop in life."

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Personal Development

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Donna Grant

"Everyone has greatness in them! To bring it out, we just have to empower them."

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Personal Development

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Donna Grant

"The decisions of citizens either in matters of private business or political life of the nation, are directly related to the prevailing value system of the nation."

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Personal Development

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Donna Grant

"Convert your knowledge into product."

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Personal Development

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Donna Grant

"Your challenge in life does not define you but only refines you."

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Personal Development

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Donna Grant

"I always thought youth were idealists - now, I'm not so sure - I'm more idealistic now then at 17..."

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Donna Grant

"For a beautiful life, fill it with service and love."

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Donna Grant

"For every establishment there is a stir-up virtue."

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Personal Development

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Donna Grant

"Keep your mind open, challenge yourself before you challenge others."

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Personal Development

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Toshihiko Fukui
"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."

Experience

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Toshihiko Fukui
"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."

Growth

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Toshihiko Fukui
"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."

Experience

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Toshihiko Fukui
"Well-functioning financial systems are important in achieving sustained economic growth. They play a crucial role in channeling household savings into the corporate sector and allocating investment funds among firms."

Finance

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Toshihiko Fukui
"During the past two decades, inflation has fallen to a low level in major industrial countries."

Country

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Toshihiko Fukui
"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."

Country

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Toshihiko Fukui
"As the new endogenous growth theory suggests, TFP growth is closely related to accumulation of the intangible capitals, such as human capital and research and development."

Development

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Toshihiko Fukui
"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."

Country

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Toshihiko Fukui
"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."

Change

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Toshihiko Fukui
"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."

Policy

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