Adjustment Quote 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…

— Toshihiko Fukui

They emphasize the viewpoint that the protracted economic stagnation in Japan derives from incomplete economic adjustments to significant changes in relative prices.

— 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…

— 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…

— 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…

— 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…

— 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…

— 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…

— 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…

— 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…

— Toshihiko Fukui

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

— Toshihiko Fukui

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

— Toshihiko Fukui