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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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Akshay Vasu

"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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Akshay Vasu

"A man is wise not because of his intelligence, but because of his understanding and kindness."

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Personal Development

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Akshay Vasu

"For us to have great and impressive increase, we need to do than just lying down and wishing for the best. We need to get off the bed, lay demands on ourselves and exert enough pressure, as much as necessary to get the kind increase we need."

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Personal Development

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Akshay Vasu

"The country is not growing because the mental state of the people are retarded."

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Personal Development

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Akshay Vasu

"Look for principles and virtues that will help you grow bigger from inside."

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Personal Development

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Akshay Vasu

"Every stage of life has it's valuable lessons to be learn't."

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Personal Development

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Akshay Vasu

"God's passion is to increase and multiply."

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Personal Development

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Akshay Vasu

"Change begins with ourselves."

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Personal Development

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Akshay Vasu

"Fill yourself with beauty to overflowing."

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Personal Development

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Akshay Vasu

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

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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 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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Toshihiko Fukui
"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."

Fact

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Toshihiko Fukui
"The increased global linkages promote economic growth in the world through two key mechanisms: the division of labor and the international spillovers of knowledge."

Knowledge

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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
"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 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
"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
"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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