Toshihiko Fukui Rate Quotations

On the contrary, exchange rate movements still play an important role in facilitating more efficient resource allocations in the long run.

Recent empirical studies, however, show such short run effects become small because the exchange rate pass-through to import prices declines.

We've just ended quantitative easing so it is too early to say when to end the zero (interest) rate policy.

As for the short run effects, exchange rate movements influence the economy through changing relative prices between goods at home and abroad.

Interest rate cycles globally are gradually changing but we expect no great impact upon the global economy.

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

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,