Phrase by 'Toshihiko Fukui'
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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.
Author: Toshihiko Fukui - Japanese Public ServantImportant , Play , Growth , Investment
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.
Author: Toshihiko Fukui - Japanese Public ServantSerious , Today , Place , Problem
The aging and declining population will have far-reaching impacts. Declining fertility rates will possibly increase immigration. The structure of family and society will inevitably change.
Author: Toshihiko Fukui - Japanese Public ServantFamily , Society , Change , Aging
During the past two decades, inflation has fallen to a low level in major industrial countries.
Author: Toshihiko Fukui - Japanese Public ServantTwo , Past , Low , Inflation
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.
Author: Toshihiko Fukui - Japanese Public ServantCannot , Perception , Bank , Policy
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.
Author: Toshihiko Fukui - Japanese Public ServantLong , Experience , Price , Sustainability
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