On the contrary, exchange rate movements still play an important role in facilitating more efficient resource allocations in the long run.
More Quotes from Toshihiko Fukui:
A low rate of inflation itself now poses a new challenge of achieving and promoting sustained economic growth in the global economy.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.
Toshihiko Fukui
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.
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
Interest rates will stay at zero for a while, then move to extremely low levels before being adjusted according to economic conditions.
Toshihiko Fukui
Japan's economic situation is at an important stage. Price judgment is needed about the future course, but I have no determined idea,
Toshihiko Fukui
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