Toshihiko Fukui Growth Quotations

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.

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.

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.

A low rate of inflation itself now poses a new challenge of achieving and promoting sustained economic growth in the global economy.

Asset price fluctuations have important implications for promoting more efficient resource allocations and achieving sustained growth in the long run.

We cannot say for sure that the current recovery will be durable and strong enough to push the economy back to a sustained growth path.

I certainly welcome discussions on how central banks can best contribute to sustained economic growth and sound development of the global economy.