The time by which core prices will achieve stable gains is getting pretty close, ... That means interest rates will eventually head toward positive territory.
More Quotes from Toshihiko Fukui:
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.Toshihiko Fukui
This is because the negative contribution from (weak) rice prices is likely to dissipate and the effects of a reduction in electricity and telephone charges are also expected to ease.
Toshihiko Fukui
I certainly welcome discussions on how central banks can best contribute to sustained economic growth and sound development of the global economy.
Toshihiko Fukui
Our top priority is to help bring about sustained economic growth, and moving out of deflation is only half way there.
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
Good news is that banks' lending attitude seems to be gradually becoming far more accommodative than in the previous recoveries.
Toshihiko Fukui
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