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
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.
chance consumer core high positive prices toward turn
There is a high chance that core consumer prices will turn to be positive toward the end of the year.
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.
credit intention move
Our intention is not to move to credit tightening now.
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.
fall negative prices rises start territory unlikely
Rises in prices may not accelerate, but it's unlikely that they will fall back into negative territory once they start rising,
market share view
Market participants share the view that fundamentals are strong.
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.
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,
achieve balanced economy interest judge low pressures rates restrained
If we judge that inflationary pressures are restrained and the economy can achieve balanced growth, we can keep interest rates at very low levels.
certainty delayed turned
If we delayed the move, we would have turned certainty into uncertainty.