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
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.
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There is a high chance that core consumer prices will turn to be positive toward the end of the year.
market share view
Market participants share the view that fundamentals are strong.
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If there is a higher predictability, oil suppliers can have a better outlook for demand and can steadily increase investment,
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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.
aware hope investors react
Investors are aware that the economy's fundamentals are firm. We hope they react calmly.
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I certainly welcome discussions on how central banks can best contribute to sustained economic growth and sound development of the global economy.
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Good news is that banks' lending attitude seems to be gradually becoming far more accommodative than in the previous recoveries.
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However close attention will have to be paid to rising crude oil prices and their impact on the domestic and overseas economies.
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Interest rates will stay at zero for some time, then stay extremely low and go through an adjustment period.
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Interest rates will stay at zero for a while, then move to extremely low levels before being adjusted according to economic conditions.
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Interest rate cycles globally are gradually changing but we expect no great impact upon the global economy.
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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.
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A low rate of inflation itself now poses a new challenge of achieving and promoting sustained economic growth in the global economy.