Toshihiko Fukui Quotes
The aging and decreasing population is a serious problem in many developed countries today. In Japan's case, these demographic changes are taking place at a more rapid pace than any other country has ever experienced.
Fukui, Toshihiko. "Demographic Changes and Macroeconomic Performance: Japan's Experiences." Global Demographic Change: Economic Impacts and Policy Challenges, Federal Reserve Bank of Kansas City, 2004, pp. 411-414.
At the time there were two demographic changes taking place. In the developed countries there was a very large increase in the percentage of the population over the age of 65. In the less developed nations the proportions of young people was burgeoning.
The demographics to which he referred was the low fertility rate and the large proportion of elderly.
Toshihiko Fukui is a Japanese economist and central banker. He was the 29th Governor of the Bank of Japan (BOJ) and a Director of the Bank for International Settlements (BIS).