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.
Toshihiko Fukui Quotes
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.
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Toshihiko Fukui (16)
Birth: | 7th September, 1935 |
Nationality: | Japanese |
Profession: | Banker, Director, Economist |
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