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"With weak balance sheets, banks tend to continue lending unprofitable businesses and leave them existing."
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"There is more to life than making a living. Do not work more than you live."

"Each way of being is more valued in the presence of the other. This balance between making camp and following the seasons is both very ancient and very new. We all need both."

"Don't be too busy growing old that you forget to grow up."

"If you are too busy to love, you are too busy to live; if you are too busy to live, you are too busy to love."

"Spiritual highs help you overcome emotional lows."

"Skill + hard work = SuccessSkill + hard work + prayer = Great success"

"The sea, no matter how endless, depends on rivers."

"There are times when a man should sleep entwined in the warm flesh of a woman, his flanks plummeting into the perfumed bedding while she lovingly rolls her sweet shoulders into his chest. Whereas, there are times to be stoic and solitary-sleeping alone on a wooden board with twill sheets and splinters that scratch the skin."
Explore more quotes by 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."


"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."


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


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


"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."


"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."


"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."


"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."


"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."


"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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