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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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"If our mind remains freeze-framed by inhibiting and hampering habits, in an ever-changing world, we won't be able to get rid of that weird feeling of not belonging anywhere and not taking part in authentic life challenges. ['Not on the shortlist']"
"I wasn't ready to think about the other yet: that it wasn't that I wasn't right for Macon, but that maybe he wasn't right for me. There was a difference. Even for someone who things didn't come easy for, someone like me."
"For things I am not thankful for-experiences I would never volunteer to relive-I recognize how they have changed me. My depth of compassion and humility, the sincerity of my empathy and understanding, and the duration of my patience have all been refined by bitter suffering. I thank God for the lessons learned. I am a better person for it, but I still abhor those awful trials."
"If you couldn't sense heat, you'd not be alive. And if that heat never grew uncomfortable, you would never move. And if you were stagnant-unchallenged by unpredictable flares-you would never grow capable of shielding yourself from harsher flames. So yes, life was meant to drag you straight through the fire."
"If at first you don't succeed, you're doing it wrong. Learn from the experience. Try again, but with a different approach."
"Life has me trapped in a cocoon of earth where I must grow and change until the day I sprout wings. And on that day I shall burst free, no longer marooned on a pebble of dust in a universe that only waits for me to find a means to fly."
"I believe life is an education meant to teach us the need to be better people. And I believe this learning often takes place through trial and error which may mean being an awful person at times before clearly seeing and grasping the necessity to improve. If you don't agree with me, just ask Mr. Ebenezer Scrooge. I think Charles Dickens got it quite right."
Explore more quotes by Toshihiko Fukui
"During the past two decades, inflation has fallen to a low level in major industrial countries."
"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."
"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 increased global linkages promote economic growth in the world through two key mechanisms: the division of labor and the international spillovers of knowledge."
"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."
"In fact, the recent increase in intra-firm trading enables businesses to shift their activities across borders smoothly, thereby strengthening the response of economic activity to exchange rate movements in the long run."
"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."
"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."
"With weak balance sheets, banks tend to continue lending unprofitable businesses and leave them existing."
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