---
title: "1 Lower Rates Quotes By Toshihiko Fukui"
description: "1 Lower Rates quotes by Toshihiko Fukui. Plus more from Toshihiko Fukui and more Lower Rates sayings from other authors."
image: "https://sms4smile.com/quotes/i/5db/toshihiko-fukui-31799_central-bank_however-in-spite-of-the-general-percepti_1533449.jpg"
---

> [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.](https://sms4smile.com/quotes/toshihiko-fukui/however-in-spite-of-the-general-perception-that-monetary-policy/)

[Toshihiko Fukui](https://sms4smile.com/quotes/author/toshihiko-fukui/)

[Image](https://sms4smile.com/quotes/i/5db/toshihiko-fukui-31799_central-bank_however-in-spite-of-the-general-percepti_1533449.jpg)

## More by 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…](https://sms4smile.com/quotes/toshihiko-fukui/the-standard-growth-theory-tells-us-that-economic-growth-in-per/)

[Toshihiko Fukui](https://sms4smile.com/quotes/author/toshihiko-fukui/)

> [They emphasize the viewpoint that the protracted economic stagnation in Japan derives from incomplete economic adjustments to significant changes in relative prices.](https://sms4smile.com/quotes/toshihiko-fukui/they-emphasize-the-viewpoint-that-the-protracted-economic-stagnation/)

[Toshihiko Fukui](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/toshihiko-fukui/in-this-context-the-current-recovery-in-the-japanese-economy-is/)

[Toshihiko Fukui](https://sms4smile.com/quotes/author/toshihiko-fukui/)

> [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…](https://sms4smile.com/quotes/toshihiko-fukui/well-functioning-financial-systems-are-important-in-achieving/)

[Toshihiko Fukui](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/toshihiko-fukui/thus-the-questions-we-should-ask-here-are-what-makes-the-current/)

[Toshihiko Fukui](https://sms4smile.com/quotes/author/toshihiko-fukui/)

> [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…](https://sms4smile.com/quotes/toshihiko-fukui/the-aging-and-decreasing-population-is-a-serious-problem-in-many/)

[Toshihiko Fukui](https://sms4smile.com/quotes/author/toshihiko-fukui/)

> [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…](https://sms4smile.com/quotes/toshihiko-fukui/japan-s-experience-suggests-the-importance-of-assessing-the/)

[Toshihiko Fukui](https://sms4smile.com/quotes/author/toshihiko-fukui/)

> [However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest…](https://sms4smile.com/quotes/toshihiko-fukui/however-in-spite-of-the-general-perception-that-monetary-policy/)

[Toshihiko Fukui](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/toshihiko-fukui/the-direct-investment-of-japanese-businesses-to-east-asian-economies/)

[Toshihiko Fukui](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/toshihiko-fukui/the-staff-at-the-institute-will-present-an-analysis-on-how-asset/)

[Toshihiko Fukui](https://sms4smile.com/quotes/author/toshihiko-fukui/)

> [As the new endogenous growth theory suggests, TFP growth is closely related to accumulation of the intangible capitals, such as human capital and research…](https://sms4smile.com/quotes/toshihiko-fukui/as-the-new-endogenous-growth-theory-suggests-tfp-growth-is-closely/)

[Toshihiko Fukui](https://sms4smile.com/quotes/author/toshihiko-fukui/)

> [During the past two decades, inflation has fallen to a low level in major industrial countries.](https://sms4smile.com/quotes/toshihiko-fukui/during-the-past-two-decades-inflation-has-fallen-to-a-low-level-in/)

[Toshihiko Fukui](https://sms4smile.com/quotes/author/toshihiko-fukui/)

> [With weak balance sheets, banks tend to continue lending unprofitable businesses and leave them existing.](https://sms4smile.com/quotes/toshihiko-fukui/with-weak-balance-sheets-banks-tend-to-continue-lending-unprofitable/)

[Toshihiko Fukui](https://sms4smile.com/quotes/author/toshihiko-fukui/)

> [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…](https://sms4smile.com/quotes/toshihiko-fukui/in-fact-the-recent-increase-in-intra-firm-trading-enables-businesses/)

[Toshihiko Fukui](https://sms4smile.com/quotes/author/toshihiko-fukui/)

> [The increased global linkages promote economic growth in the world through two key mechanisms: the division of labor and the international spillovers of knowledge.](https://sms4smile.com/quotes/toshihiko-fukui/the-increased-global-linkages-promote-economic-growth-in-the-world/)

[Toshihiko Fukui](https://sms4smile.com/quotes/author/toshihiko-fukui/)

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