Toshihiko Fukui Price Quotations

The staff at the Institute will present an analysis on how asset price fluctuations and subsequent structural adjustments influence sustained economic growth, based on Japan's experience since the second half of the 1980s.

Japan's economic situation is at an important stage. Price judgment is needed about the future course, but I have no determined idea,

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.

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,

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.

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