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.

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.

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.

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

I like trains. I like their rhythm, and I like the freedom of being suspended between two places, all anxieties of purpose taken care of: for this moment I know where I am going.

The most important element of a free society, where individual rights are held in the highest esteem, is the rejection of the initiation of violence.

Let us resolve: First, to attain the grace of silence; second, to deem all fault finding that does no good a sin; third, to practice the grade and virtue of praise.

In the late 1960s, I ended up in Telluride, Colorado. It wasnt like the country club that it is now. It was very raw. Skiing was there, but snowboarders have now entirely overrun it.

There ain't nothin' in this world that's worth being a snot over.

Whoever came up with "hold the shift key for eight seconds to turn on 'your keyboard is buggered' mode" should be shot.

In order to represent life on the stage, we must rub elbows with life, live ourselves

There is a dark side. I tend not to be as optimistic as Mary Richards. I have an anger in me that I carry from my childhood experiences - I expect a lot of myself and I'm not too kind to myself.

A satisfactory translation is not always possible, but a good translator is never satisfied with it. It can usually be improved. (Newmark)

I can't go white, Indian, Asian, Latin. For me, in my existence, if I'm anything, I'm inclusive of everyone, and we are just one, and I hope that global harmony is in all of us.