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Toshihiko Fukui

"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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"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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Akshay Vasu

"Employment is the biggest form of slavery."

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Personal Development

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Akshay Vasu

"But a rise in the wages of labour would not equally affect commodities produced with machinery quickly consumed, and commodities produced with machinery slowly consumed."

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Personal Development

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Akshay Vasu

"The economic base of a nation, is the foundation of the it's secrets."

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Personal Development

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Akshay Vasu

"I don't know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we've been talking about today or anything anybody else was talking about."

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Personal Development

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Akshay Vasu

"A farmer is a magician who produces money from the mud."

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Personal Development

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Akshay Vasu

"Because of the power that we have given money: The government would rather have taxpayers who do not vote, than voters who do not pay tax."

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Personal Development

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Akshay Vasu

"In capitalist nation, all is decided by money."

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Personal Development

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Akshay Vasu

"Not every single broke and unemployed person needs a job, some need customers."

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Personal Development

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Akshay Vasu

"Civilization transformed man from a food gatherer to a gatherer of pieces of paper: diplomas, employment contracts, money, etc."

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Personal Development

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Akshay Vasu

"India is poised to contribute as a new engine of global growth. A larger Indian economy has multiple benefits for the world. India presents a large and growing market. But India is much more than a market. India is a reliable partner; a source of high quality scientific, engineering and managerial talent."

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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
"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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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
"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
"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
"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."

Economy

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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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