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
above confirm consumer prices taking zero
We will confirm that consumer prices will stabilize at zero or above before taking action.
above bank cannot consumer core decided determined meeting prices shift
It was determined at today's meeting that we cannot say that core consumer prices have stabilized above zero. The bank has not decided when to shift its policy.
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,
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.
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.
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,
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.
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.
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.
economy factors moment risk running smoothly
The world economy is running smoothly at the moment but there is a need to see what kind of risk factors there are,
change global monetary people possible price
People think the withdrawal of monetary accommodation is about to get under way. People can price it in before any possible change (in monetary policy) on a global basis,
above based consumer economic food fresh month overall percent price recovering since third zero
Based on a recovering overall economic climate, the consumer price index, excluding fresh food prices, was at or above zero percent for the third consecutive month since October.
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.