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.

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.

During the past two decades, inflation has fallen to a low level in major industrial countries.

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.

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.

Inspired action is when you take action with no mind. Pure silence.

My dad would give me $10, which is a lot of money when you're 9, to sing at church, on tables at restaurants, at family functions, just about anywhere.

Onstage or in films, you do affect peoples' lives, and sometimes that's very gratifying. But still, there's this little voice that says you should be doing something that matters.

As soon as a true thought has entered our mind, it gives a light which makes us see a crowd of other objects which we have never perceived before.

Hope- the recognition, by true foresight, of better things to be reached here after.

I love 'Breaking Bad.' I think that's my favorite show.

But facts are facts and flinch not.

Everything that enlarges the sphere of human powers, that shows man he can do what he thought he could not do, is valuable.

When you embrace the uncertain, life opens up unusual new paths. Seeds sown way back bloom as flowers, in ways one can never fathom.

I'm still basically the same as I always was. I still listen to the same people. That's where I'm coming from.