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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."

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"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."

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Explore more quotes by Toshihiko Fukui

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

Country

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

Balance

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Toshihiko Fukui
"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."

Growth

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