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.
More Quotes from 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.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
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.
Toshihiko Fukui
It was determined at today's meeting that we cannot say that core consumer prices have stabilized above zero. The bank has not decided when to shift its policy.
Toshihiko Fukui
Second-quarter GDP was revised upwards, representing the well-balanced nature of the recovery in Japan's economy,
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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