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
analysis asset based experience half influence institute present price second since staff structural sustained
The staff at the Institute will present an analysis on how asset price fluctuations and subsequent structural adjustments influence sustained economic growth, based on Japan's experience since the second half of the 1980s.
derives emphasize incomplete protracted relative stagnation viewpoint
They emphasize the viewpoint that the protracted economic stagnation in Japan derives from incomplete economic adjustments to significant changes in relative prices.
achieving asset efficient growth price promoting resource sustained
Asset price fluctuations have important implications for promoting more efficient resource allocations and achieving sustained growth in the long run.
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.
impact immigration population
The aging and declining population will have far-reaching impacts. Declining fertility rates will possibly increase immigration. The structure of family and society will inevitably change.
research-and-development growth intangible
As the new endogenous growth theory suggests, TFP growth is closely related to accumulation of the intangible capitals, such as human capital and research and development.
japan years long
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 recent years.
asian current east growing japanese recovery taking
In this context, the current recovery in the Japanese economy is taking place in tandem with the growing interdependence with the rest of the world, particularly with the other East Asian economies.
ask current economic economy questions reach sufficient sustained whether
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.