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.
Toshihiko FukuiThe increased global linkages promote economic growth in the world through two key mechanisms: the division of labor and the international spillovers of knowledge.
Toshihiko FukuiDuring the past two decades, inflation has fallen to a low level in major industrial countries.
Toshihiko FukuiIn 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.
Toshihiko Fukui