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

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

"You cannot truly know pleasure without pain. You cannot truly know strength without weakness. You cannot truly know joy without sorrow. You cannot truly know hope without despair."

"In light, there is no darkness; and in darkness, there is no light."

"As with most things in life, a healthy balance will keep us on the right path. To avoid too much eye contact or too little, seek to create a comfortable mix. It is generally encouraged to use more eye contact when you are listening and less when you are speaking."

"The absolute value of being neutral is zero."

"There is a law of opposition apparent in all life which guarantees balance and fullness."
Explore more quotes by Toshihiko Fukui


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


"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."


"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."


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


"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."


"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."


"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."


"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."


"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."
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