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.

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.

If the economy becomes disembodied from society it can only lead to disaster.

I don't know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we've been talking about today or anything anybody else was talking about.

I take great pride in having been able to overcome the Asian financial crisis and seeking the opportunities available to bring about an unprecedented growth in the economy.

What we've proven is that you can protect the environment, use it wisely and grow the economy and that there is no conflict between the two.

The time has come for the American government to recognize the damage that has occurred to our economy, and to take firm action to curtail what I believe is both unfair and illegal foreign competition.

We have stabilized our economy. We took over a very sick economy, and we were hemorrhaging 750,000 jobs a month. We have stopped the hemorrhaging. In fact, we had 140,000 job growth last month. And that's what I call progress.

Conservatism has had from its inception vigorously positive, intellectually rigorous agenda and thinking. That agenda should have in my three pillars: strengthen the economy, strengthen our security, and strengthen our families.

The entire economy, of course, is locked in a down cycle right now. Last time we weathered this was during another Bush presidency in '90. We were locked in it for a year and a half and everyone came out of it.

Every time in this century we've lowered the tax rates across the board, on employment, on saving, investment and risk-taking in this economy, revenues went up, not down.

I mean, the reality is unemployment today - over 14 million Americans are unemployed. That's exactly what it was a year ago. I mean, this - the American people know we can't borrow and spend and bail our way back to a growing economy.

We have the most flexible and adaptive economy. Making sure we sustain the ability of the American economy to perform well is really the priority of economic policy.

We don't have to sacrifice a strong economy for a healthy environment.

Our country, like every modern state, needs profound democratic reforms. It needs political and ideological pluralism, a mixed economy and protection of human rights and the opening up of society.

Small businesses are the backbone of our economy.

My vision is to have an independent Kosovo, democratic, with a politically tolerant society and with a solid economy, integrated into the EU, the NATO and to continue with our good relations with the USA.

Scientists at MIT and engineering schools all across America say that they could improve the fuel economy standards for the existing set of vehicles by 10 miles per gallon using existing technology, without compromising safety or comfort at all.

We must ensure our system of higher education offers world-class quality for a world-class economy.

According to various polls conducted, the single most important issue in last week's election was not the Iraq War, not the War on Terror, not even the economy. It was the cultural war.

Democrats have laid out a program that, if adopted, would make us independent of Middle Eastern oil in ten years, and create a new economy especially for those in rural America. Our program invests in clean energy alternatives and provides energy assistance for those in need.

We are particularly poor at the open economy issues.

It's a market economy. Apparently the demand for great coaches exceeds the supply, so of course the price of good coaches is going to be high.

The success of our economy shouldn't determine the success of our schools.

I became CEO at the beginning of the hit on old economy stocks. When something like that occurs in your first six months as a CEO of a more traditional branded firm, it makes for a fast learning curve.

A major source of objection to a free economy is precisely that group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.

The metropolis has always been the seat of the money economy.

Boston is the engine of the state's economy.

Industry, economy, honesty, and kindness form a quartet of virtues that will never be improved upon.

This continuing spike in gas prices is bad for consumers, bad for our economy, and bad for all other businesses. It is hurting us and costing us jobs.

We also provide a lot of services with our consulting group that allow people to take maximum advantage of the Net economy. Those all seem to resonate with customers and are providing a good strong base going forward.

We aren't leveraging this great economic engine, the strongest economy in the world. And yet we have this totally weak response. We import $500 billion a year more in products than we export.

No other investment yields as great a return as the investment in education. An educated workforce is the foundation of every community and the future of every economy.

Our economy is robust and will remain strong as more Americans who want a job find one. Republican economic policies based on tax relief are working for the American people.