Top Toshihiko Fukui Quotes

Toshihiko Fukui Biography

Toshihiko Fukui (福井俊彦, Fukui Toshihiko, 7 September 1935) is a Japanese economist and central banker. He was the 29th Governor of the Bank of Japan (BOJ) and a Director of the Bank for International Settlements (BIS).

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Toshihiko Fukui Quotes

With weak balance sheets, banks tend to continue lending unprofitable businesses and leave them existing.

Balance, Glitter, Leave, Unprofitable, Weak

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.

Countries, Country, Developed, Japan, Pace, Population

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.

Play, Growth, Important, Among, Systems, Achieving

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.

Avert, Bank, General, Perception, Should, Zero

As the new endogenous growth theory suggests, TFP growth is closely related to accumulation of the intangible capitals, such as human capital and research and development.

Research And Development, Growth, Intangible, Theory, Capitals

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.

Asian, Bases, Businesses, Country, Japan, Reallocation

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.

Family, Fertility, Immigration, Impact, Inevitably, Population

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.

Japan, Long, Price, Years

During the past two decades, inflation has fallen to a low level in major industrial countries.

Countries, Country, Fallen, Inflation, Past, Two

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.

Economic, Factor, Growth, Theory, Two

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.

Borders, Businesses, Long, Movements, Running, Strengthening

The increased global linkages promote economic growth in the world through two key mechanisms: the division of labor and the international spillovers of knowledge.

Global, Growth, Keys, Love, Mechanisms, Two

Toshihiko Fukui Biography

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