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 going to be wearing the Stryker hat because I'm a walking testimonial to the fact that you can get your knee replaced and still play at a really high level and get your life back.

A company can spend hundreds of thousands of dollars on firewalls, intrusion detection systems and encryption and other security technologies, but if an attacker can call one trusted person within the company, and that person complies, and if the attacker gets in, then all that money spent on technology is essentially wasted.

I'm interested in stories. I think I'm a bit of a pathfinder.

Be my love be my life be my happiness be my wife be my sadness be my tear be my sorrow be my fear be my everything not now nor later. But from yesterday till forever.

Self improvement is the name of the game and your primary objective is to strengthen yourself not to destroy an opponent.

I believe that you are only in control of so much. So whatever you are not in control of you can't worry about.

Rock and Roll is simply an attitude. You dont have to play the greatest guitar.

My father thought photography was done by lowlifes.

Once you do one bad guy, usually all you get offered is bad guys. But I've been able to do different things.

Friendship is the most pleasant of all things, and nothing more glads the heart of man.

I have a tendency toward being a micromanager. Which, the bigger the project you're involved in, the harder that becomes.

I'm 100 per cent motivated. I haven't done enough yet in cycling to be satisfied.

I get up at 6:17 in the morning. I've timed it perfectly.

How wrong is it for a woman to expect the man to build the world she wants rather than to create it herself

Neither current events nor history show that the majority rule, or ever did rule.

The harder I train every day on the track and in the gym, the more trust I gain in myself.

Last night I walked clear down to Times Square & just as I arrived I suddenly realized I was a ghost - it was my ghost walking on the sidewalk.

A bridesmaids super powers include loyalty humor and punctuality.

Books about spies and traitors - and the congressional hearings that follow the exposure of traitors - generally assume that false-negative errors are much worse than false-positive errors.

I just want to be myself.

If we make it through December everythings gonna be altight I know its the coldest time of winter and I shiver when I see the falling snow.

I have a deep-seated belief that marriage is between a man and a woman exclusively.

Just remaining quietly in the presence of God, listening to Him, being attentive to Him, requires a lot of courage and know-how.

I was a very bad accountant; I didn't care about money, golf or discovering fraud. After about a year I was sacked; then I went into teacher training.