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.
More Quotes from 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.Toshihiko Fukui
Interest rates will stay at zero for a while, then move to extremely low levels before being adjusted according to economic conditions.
Toshihiko Fukui
We cannot say for sure that the current recovery will be durable and strong enough to push the economy back to a sustained growth path.
Toshihiko Fukui
There is no reason to think now that interest rates will be left at zero for a just a short while after quantitative easing has ended and no reason that they will be zero for a long period,
Toshihiko Fukui
It's necessary to make the judgment calmly and objectively without any preconceived notions about whether the consumer price index excluding fresh food prices has stabilized at zero or above.
Toshihiko Fukui
Interest rates will stay at zero for some time, then stay extremely low and go through an adjustment period.
Toshihiko Fukui
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