Japanese - Public | September 7, 1935 -
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.
Toshihiko Fukui
FamilyChangeAgingSocietyWill
During the past two decades, inflation has fallen to a low level in major industrial countries.
PastTwoIndustrialLowLevelMajor
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.
PerceptionBankPolicyInterestZero
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.
ExperienceLongPriceSustainability
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