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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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"In order to make our gifts perfect, you need to work on yourself but it hurts."

"Don't be too comfortable with employment discover yourself and see what you can achieve for yourself."

"Expand and extend yourself to effectively fulfill purpose."

"To grow unique beauty, be wild and live in the wilderness of your mind."

"In order to grasp the principles of spiritual growth, you need to be filled with understanding and the wisdom of God."

"When trees fall on trees, the topmost tree must first be removed before others. Don't be too concerned about the problems of the past. What matters most is the challenge at hand now!"

"Celebrate your achievements, but never let them sink you into the pool of complacency."

"When you reassess where you are and what you've done, new factors may come to light to help you make more informed choices moving forward. Whether your assessment encourages you to rest happily on your laurels or change directions, reassessment is incredibly valuable."
Explore more quotes by 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."


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


"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."


"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."


"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."


"With weak balance sheets, banks tend to continue lending unprofitable businesses and leave them existing."


"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 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."


"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."
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