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
credit intention move
Our intention is not to move to credit tightening now.
efficient exchange movements rate resource role
On the contrary, exchange rate movements still play an important role in facilitating more efficient resource allocations in the long run.
changing economy exchange goods home influence movements prices rate relative run short
As for the short run effects, exchange rate movements influence the economy through changing relative prices between goods at home and abroad.
according adjusted economic extremely interest levels low move rates stay zero
Interest rates will stay at zero for a while, then move to extremely low levels before being adjusted according to economic conditions.
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,
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,