Toshihiko Fukui
Toshihiko Fukui
Toshihiko Fukui is a Japanese economist and central banker. He was the 29th Governor of the Bank of Japanand a Director of the Bank for International Settlements...
NationalityJapanese
ProfessionPublic Servant
Date of Birth7 September 1935
CountryJapan
corporate demand domestic economy experience external household likely period sustained
Japan's economy is likely to experience a sustained period of expansion, with domestic and external demand and also the corporate and household sectors well in balance.
determined economic future judgment needed price situation
Japan's economic situation is at an important stage. Price judgment is needed about the future course, but I have no determined idea,
almost economy emerged judgment shows
Our judgment now shows the economy has almost broadly emerged from a stalled stage,
credit intention move
Our intention is not to move to credit tightening now.
bring deflation economic half help moving priority sustained top
Our top priority is to help bring about sustained economic growth, and moving out of deflation is only half way there.
effects empirical exchange prices rate recent run short small
Recent empirical studies, however, show such short run effects become small because the exchange rate pass-through to import prices declines.
common economic hope japan market react view
I think market participants' common view is that economic fundamentals in Japan are firm. I hope they will react calmly.
market share view
Market participants share the view that fundamentals are strong.
early easing ended rate zero
We've just ended quantitative easing so it is too early to say when to end the zero (interest) rate policy.
above confirm consumer prices taking zero
We will confirm that consumer prices will stabilize at zero or above before taking action.
easing ended interest left rates reason short zero
There is no reason to think now that interest rates will be left at zero for a just a short while after quantitative easing has ended and no reason that they will be zero for a long period,
achieve balanced economy interest judge low pressures rates restrained
If we judge that inflationary pressures are restrained and the economy can achieve balanced growth, we can keep interest rates at very low levels.
certainty delayed turned
If we delayed the move, we would have turned certainty into uncertainty.
abnormal adhere agree calls cannot continue firmly policy
We firmly cannot agree to adhere to calls to continue with an abnormal policy forever,