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
charges effects electricity expected likely negative prices reduction rice telephone
This is because the negative contribution from (weak) rice prices is likely to dissipate and the effects of a reduction in electricity and telephone charges are also expected to ease.
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.
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.
change consumer increase percent prices projected rate slight towards zero
The year-on-year rate of change in consumer prices is projected to be zero percent or to show a slight increase towards the end of this year,
consumer food fresh judgment necessary notions price prices whether zero
It's necessary to make the judgment calmly and objectively without any preconceived notions about whether the consumer price index excluding fresh food prices has stabilized at zero or above.
attention close crude domestic however impact oil overseas paid prices rising
However close attention will have to be paid to rising crude oil prices and their impact on the domestic and overseas economies.
adjustment downward factor low pointed prevents rigidity smooth wages
The downward rigidity of nominal wages is often pointed out as a factor that prevents the smooth adjustment of real wages under very low inflation.
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.
aware hope investors react
Investors are aware that the economy's fundamentals are firm. We hope they react calmly.
economic financial respond
All we can say is that we will respond appropriately to economic and financial conditions.
achieving challenge economic global growth inflation itself low poses promoting rate sustained
A low rate of inflation itself now poses a new challenge of achieving and promoting sustained economic growth in the global economy.
banks best central certainly contribute economic global growth sound sustained welcome
I certainly welcome discussions on how central banks can best contribute to sustained economic growth and sound development of the global economy.
nature recovery revised
Second-quarter GDP was revised upwards, representing the well-balanced nature of the recovery in Japan's economy,
attitude becoming far good gradually lending news previous seems
Good news is that banks' lending attitude seems to be gradually becoming far more accommodative than in the previous recoveries.