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
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.
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.
adjustment extremely interest low rates stay zero
Interest rates will stay at zero for some time, then stay extremely low and go through an adjustment period.
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 cycles expect globally gradually great impact interest rate
Interest rate cycles globally are gradually changing but we expect no great impact upon the global economy.
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.
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.
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,
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.
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.
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.