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Top 10 Toshihiko Fukui Quotes (2025 Update)

Toshihiko Fukui Quote: “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.”

1. “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.”

— Toshihiko Fukui

Toshihiko Fukui Quote: “The aging and decreasing population is a serious problem in many developed countries today. In Japan’s case, these demographic changes are taking place at a more rapid pace than any other country has ever experienced.”

2. “The aging and decreasing population is a serious problem in many developed countries today. In Japan’s case, these demographic changes are taking place at a more rapid pace than any other country has ever experienced.”

— Toshihiko Fukui

Toshihiko Fukui Quote: “Well-functioning financial systems are important in achieving sustained economic growth. They play a crucial role in channeling household savings into the corporate sector and allocating investment funds among firms.”

3. “Well-functioning financial systems are important in achieving sustained economic growth. They play a crucial role in channeling household savings into the corporate sector and allocating investment funds among firms.”

— Toshihiko Fukui

Toshihiko Fukui Quote: “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.”

4. “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.”

— Toshihiko Fukui

Toshihiko Fukui Quote: “During the past two decades, inflation has fallen to a low level in major industrial countries.”

5. “During the past two decades, inflation has fallen to a low level in major industrial countries.”

— Toshihiko Fukui

Toshihiko Fukui Quote: “The standard growth theory tells us that economic growth in per capita basis comes from mainly two sources: capital deepening and total factor productivity growth, or TFP growth.”

6. “The standard growth theory tells us that economic growth in per capita basis comes from mainly two sources: capital deepening and total factor productivity growth, or TFP growth.”

— Toshihiko Fukui

Toshihiko Fukui Quote: “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.”

7. “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.”

— Toshihiko Fukui

Toshihiko Fukui Quote: “The increased global linkages promote economic growth in the world through two key mechanisms: the division of labor and the international spillovers of knowledge.”

8. “The increased global linkages promote economic growth in the world through two key mechanisms: the division of labor and the international spillovers of knowledge.”

— Toshihiko Fukui

Toshihiko Fukui Quote: “With weak balance sheets, banks tend to continue lending unprofitable businesses and leave them existing.”

9. “With weak balance sheets, banks tend to continue lending unprofitable businesses and leave them existing.”

— Toshihiko Fukui

Toshihiko Fukui Quote: “In fact, the recent increase in intra-firm trading enables businesses to shift their activities across borders smoothly, thereby strengthening the response of economic activity to exchange rate movements in the long run.”

10. “In fact, the recent increase in intra-firm trading enables businesses to shift their activities across borders smoothly, thereby strengthening the response of economic activity to exchange rate movements in the long run.”

— Toshihiko Fukui

Toshihiko Fukui Quote: “The direct investment of Japanese businesses to East Asian economies accelerates the reallocation of their production bases. Consequently, between Japan and the other East Asian countries, both exports and imports are growing substantially.”

11. “The direct investment of Japanese businesses to East Asian economies accelerates the reallocation of their production bases. Consequently, between Japan and the other East Asian countries, both exports and imports are growing substantially.”

— Toshihiko Fukui

Toshihiko Fukui Quote: “However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound.”

12. “However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound.”

— Toshihiko Fukui

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