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.

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.

With weak balance sheets, banks tend to continue lending unprofitable businesses and leave them existing.

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 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.

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.

The increased global linkages promote economic growth in the world through two key mechanisms: the division of labor and the international spillovers of knowledge.

Leaders' major question is "why". If they lose, they ask "why". If they win, they ask "why". Their "whys" weave their wonders.

I'm not an outdoor girl. I can barely swim. I don't ride a horse.

Please don't nag yourself with thoughts of failure. Do not set goals far beyond your capacity to achieve. Simply do what you can do, in the best way you know, and the Lord will accept of your effort.

Brand perception is a brand’s reality

We cannot leave the trap until we know we are in it.

When Luis Marden dropped in by air from Säo Paulo, he demanded gauchos.

An art which isn't based on feeling isn't an art at all... feeling is the principle, the beginning and the end; craft, objective, technique - all these are in the middle.

The biggest mistake of the man is that he thinks he doesn't deserve the good and the bad things from his life.

Wind is caused by the trees waving their branches.

The heart cherishes secrets not worth the telling