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"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."
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Exlpore more Experience quotes
"There is a huge difference between learning about truth and experiencing truth. Touch the source."
"All theory is against freedom of the will; all experience for it."
"No matter how loud the sirens or how numerous the hazard signs, we all touch the flames at least once to prove they're hot."
"I wear my wrinkles like battle scars, having earned every last one slaying life's dragons. They boast of my victories and some defeats while their beauty is a wealth of wisdom gained."
"Experience which was once claimed by the aged is now claimed exclusively by the young."
"Masterpieces are not single and solitary births; they are the outcome of many years of thinking in common, of thinking by the body of the people, so that the experience of the mass is behind the single voice."
"Just because a person successfully steers a voyage through hell doesn't mean he ever wants to sail that route again."
"Experience is by industry achiev'd,And perfected by the swift course of time."
"What is the good of drawing conclusions from experience? I don't deny we sometimes draw the right conclusions, but don't we just as often draw the wrong ones?"
"There is more experience on the field of justification than on the camp of training. Sometimes, you got to take actions to learn more."
Explore more quotes by 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."
"With weak balance sheets, banks tend to continue lending unprofitable businesses and leave them existing."
"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."
"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."
"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."
"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 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."
"During the past two decades, inflation has fallen to a low level in major industrial countries."
"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."
"The increased global linkages promote economic growth in the world through two key mechanisms: the division of labor and the international spillovers of knowledge."
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