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.

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.

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.

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.

Relax, refresh and revive your spirituality.

Memories which someday will become all beautiful when the last annoyance that encumbers them shall have faded out of our minds.

Like birds of passage, the instincts drift the soul adventurously beyond the horizon of sensible things, as if intent on convoying it to the mother country from whence it had flown.

The spot paintings, the spin paintings, they're all a mechanical way to avoid the actual guy in a room, myself, with a blank canvas.

You can't change someone. The best thing you can do for someone is to just accept them.

It's not the dress ... it's the way you see me.

I think ultimately that the rules that you make for gun control, people who are intent on killing themselves aren't too concerned with the rules. Law-abiding citizens are.

I've never wanted to play bank managers and real people particularly.

Be sure you avoid the Ku Klux Klan. Don't get that albatross around your neck. Once you've made that mistake, you inhibit your operations in the political arena.

I regret to say that my hand did, in fact, have an improper relationship with Chelsea Clinton. The incident represents a profound lapse of judgment for which my hand takes sole responsibility.