They emphasize the viewpoint that the protracted economic stagnation in Japan derives from incomplete economic adjustments to significant changes in relative prices.

In this context, the current recovery in the Japanese economy is taking place in tandem with the growing interdependence with the rest of the world, particularly with the other East Asian economies.

Japan's experience suggests the importance of assessing the sustainability of price stability over a fairly long period, which many central banks have emphasized in recent years.

In fact, the recent increase in intra-firm trading enables businesses to shift their activities across borders smoothly, thereby strengthening the response of economic activity to exchange rate movements in the long run.

The direct investment of Japanese businesses to East Asian economies accelerates the reallocation of their production bases. Consequently, between Japan and the other East Asian countries, both exports and imports are growing substantially.

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.

Thus, the questions we should ask here are what makes the current economic upswing different from the past two recoveries, and whether such differences are sufficient for the economy to reach the sustained growth path.

The increased global linkages promote economic growth in the world through two key mechanisms: the division of labor and the international spillovers of knowledge.

They emphasize the viewpoint that the protracted economic stagnation in Japan derives from incomplete economic adjustments to significant changes in relative prices.

The aging and decreasing population is a serious problem in many developed countries today. In Japan's case, these demographic changes are taking place at a more rapid pace than any other country has ever experienced.

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 aging and declining population will have far-reaching impacts. Declining fertility rates will possibly increase immigration. The structure of family and society will inevitably change.

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.

During the past two decades, inflation has fallen to a low level in major industrial countries.

However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound.

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.

With weak balance sheets, banks tend to continue lending unprofitable businesses and leave them existing.

When I doing dinner theater in high school, I was talking to a woman who had been in the business for a while and I said I want to act, that's all I want to do with my life and she said if you're serious then you need to hone every discipline you can.

A good story will keep you wondering about what's happening, what's going on, where does this go? Now it's going to go that way, now it's going to go that way. It has to do that. If it's predictable, it's just boring.

And now, excuse me while I interrupt myself.

You have to be careful that in giving energy you do not allow yourself to be excessively drained or used.

He has not yet become an elder statesman, though his foreign policy credentials are considerable, but he is certainly our ancient mariner, forever tugging at our sleeve to let him tell his tale of what really happened.

I've always lived my life fearlessly, and what I want to do with my life, I do.

I need to fall in love with someone. Sorry - I mean fall in love with something. I need to wake myself up.

I've always wanted to be on a show that's well respected and had critical acclaim and that people like to watch, and at the same time find something that, for me, as an actor, is interesting and challenging.

How great a quality is horse sense Someone has defined it as that something which keeps horses from betting on men

Bengalis love to celebrate their language, their culture, their politics, their fierce attachment to a city that has been famously dying for more than a century. They resent with equal ferocity the reflex stereotyping that labels any civic dysfunction anywhere in the world 'another Calcutta.'

To chase the glowing hours with flying feet.

Something's happened in our society which I don't think is beneficial, and that's that you see the public being fed box-office news. Newscasts now, every local station - I've been traveling around the country a lot, and you see the local news, and they give box-office reports.

Keep looking up… that’s the secret of life.

Men take only their needs into consideration - never their abilities.

Bodybuilding is much like any other sport. To be successful you must dedicate yourself 100 to your training diet and mental approach.

To jaw-jaw is always better than to war-war.

Most of us, I suspect, prefer our teachers to be of the Nice Guy variety.

The most important scientific revolutions all include, as their only common feature, the dethronement of human arrogance from one pedestal after another of previous convictions about our centrality in the cosmos.

Everybody who's ever influenced me, from a Richard Prior to a Whoopie Goldberg to, you know, any of the voices that have resonated with me as a performer since I was a kid, you know, you couldn't really say that their work didn't have some element of political commentary in it.

Broken-windows enforcement is really about controlling behavior to such an extent you change it: If you deal with the little things, you can keep them from going into the big things. Zero tolerance implies zealotry. It's oppressive. And it's not achievable. You're never going to be in a position to eliminate all crime.

The terrible thing about the Internet and Amazon is that they take the magic and happy chaos out of book shopping. The Internet might give you what you want, but it won't give you what you need.

He who laughs last didn't get it.

I thought that the AIVD was there to protect citizens like me.

Medicine makes people ill, mathematics makes them sad, and theology makes them sinful