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.

I'm the black sheep.

I am terrible at memorizing things. Hence, ad-libbing.

Incorrect assumptions lie at the root of every failure. Have the courage to test your assumptions.

Gary Cooper was a good friend. He was a great nature lover. He was like an American Indian, he knew every leaf that was turned over. It was an education to go for a walk with him.

I was raised Catholic, and I knew of Him and certainly what He did, but I never truly experienced knowing Him.

Moreover, no one is judged from the natural man, thus not so long as he lives in the natural world, for man is then in a natural body; but everyone is judged in the spiritual man, and therefore when he comes into the spiritual world, for man is then in a spiritual body.

Never abandon a theory that explains something until you have a theory that explains more.

We speak of virtue, honour, reason; but our thought does not translate any one of these concepts into a substance.

I became a fashion designer by accident. I loved to make portrait drawings when I was a teenager, and from that came the interest in what people were wearing and why they were wearing it.

I'm hyped up when I'm working. Some people eat when they're hyped up and some people don't. I'm the 'don't.'

Renewal and revival often begin when young people take a stand for God.

I'm not coming in as an advocate of sports gambling. I'm trying to be more of a realist to say it's going on in a massive way... and I think the right course would be therefore to legalize it and regulate it.

I maintain that the past record of my race is a true index of the feelings which today animate them. They bear toward their former masters no revengeful thoughts, no hatreds, no animosities. They aim not to elevate themselves by sacrificing one single interest of their white fellow-citizens.

When anger rises, think of the consequences.

I don't have a room full of writers pitching ideas. It's just me out of my head.

The world is still a fantastic and wondrous place to live.

I was really hyperactive as a kid and no one knew how or where I got all this energy.

If you get criticized, good - I don't think people get criticized enough. People talk behind your back and they criticize you, but they don't often come up and say it to you.

The best thing that ever happened to me is that nothing happened in writing. I ended up working for engineering companies, and that's where I found my material, in the everyday struggle between capitalism and grace. Being broke and tired, you don't come home your best self.

I love adventures.

Western films don't do very well in India.

When I write, I get glimpses into future novels.

There’s no need to show off when you know who you are.

Peace with Israel is a strategic imperative for Jordan.