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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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"You may not be able to control the whole world, but you may learn to control your inner world through yoga."
"Everyone has greatness in them! To bring it out, we just have to empower them."
"Before you wear a crown of gold, life sometimes makes you wear a crown of thorns."
"Quit allowing negativity to block the positive gifts which are meant for you along with the hard lessons and tribulations."
"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."
"Never despise a seed, one day it will rise and bloom into a forest."
"Convert your knowledge into product."
"Your challenge in life does not define you but only refines you."
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 declining population will have far-reaching impacts. Declining fertility rates will possibly increase immigration. The structure of family and society will inevitably change."
"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."
"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."
"The increased global linkages promote economic growth in the world through two key mechanisms: the division of labor and the international spillovers of knowledge."
"With weak balance sheets, banks tend to continue lending unprofitable businesses and leave them existing."
"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."
"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."
"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."
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