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.
More Quotes from 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 are sufficient for the economy to reach the sustained growth path.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
I certainly welcome discussions on how central banks can best contribute to sustained economic growth and sound development of the global economy.
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 rates below the zero lower bound.
Toshihiko Fukui
However close attention will have to be paid to rising crude oil prices and their impact on the domestic and overseas economies.
Toshihiko Fukui
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