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Toshihiko Fukui

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

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

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Akshay Vasu

"If you move faster than the music, it will look strange; if you move slower than the music, it will look strange! Be like autumn leaves which follow exactly the rhythm of the wind!"

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Personal Development

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Akshay Vasu

"Accept the fullness in life's balance, which demands that there are positive gifts along with adversity."

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Personal Development

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Akshay Vasu

"Discomfort: the valley between the body and the soul. Comfort: the bridge between the body and the soul."

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Personal Development

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Akshay Vasu

"The pleasure is there, between your expectations and regrets."

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Personal Development

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Akshay Vasu

"There can be a fine line between being confident and cocky."

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Personal Development

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Akshay Vasu

"Life is a balance between letting go and holding on."

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Personal Development

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Akshay Vasu

"Extreme right-wingers are known for giving God a bad name; extreme left-wingers are known for giving God a weak name. He's not as simple as conservative versus liberal, old versus new. His wings are balanced. God is both and neither."

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Personal Development

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Akshay Vasu

"God has said for us to know bad, as bad and good, as good. But while knowing the bad, there should not be the slightest abhorrence towards it and while knowing the good, there should not be slightest attachment towards it. Without knowing bad, as bad, the good cannot be known as good."

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Personal Development

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Akshay Vasu

"The supreme hallmark of reality is balance."

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Personal Development

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Akshay Vasu

"With no positivity, there is no hope; with no negativity, there is no improvement."

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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
"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
"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
"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."

Country

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