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