摘要
在国际与国内因素影响下,安倍政权出台了史无前例的无限度、无限期的异次元量化宽松货币政策,旨在短期内提振日本经济。时隔一年多,异次元量化宽松货币政策效果差强人意。在出口方面,日元大幅贬值却未带来"J曲线效应"。在消费方面,受提高消费税影响,物价增幅过快,没有达到稳定增长目标。在投资方面,企业没有显著增加设备投资,整体经济规模尚未出现明显变化。此外,异次元量化宽松货币政策还潜藏着债务加剧和海外投资者投机行为加剧等风险,从而可能给新兴经济体带来金融动荡等诸多隐患。
Abe Regime introduced an unprecedented, unlimited and indefinite quantitative monetary easing policy due to the influence of international and domestic factors, which aimed to quickly boost Japan＇s econo- my. However, the effects of the policy implementation proved unsatisfactory after more than a year. In ex- ports, sharp depreciation of Japanese yen failed to bring the ＂J -curve＂ effect; in consumption, the goal of maintaining a steady economic growth had not been achieved due to the consumption tax increase; in invest- ment, there was no significant increase in business investment in equipment, and the overall size of the econo- my had no significant change. In addition, quantitative monetary easing policy has its potential risks, such as intensifying the debt accumulation, aggravating the risk of speculation by overseas investors in financial mar- kets, thus possibly brings financial turmoil to the emerging economies.
出处
《现代日本经济》
CSSCI
北大核心
2014年第6期17-29,共13页
Contemporary Economy OF Japan
基金
国家社会科学基金项目"日本民主党执政后的经济转型研究"(10BGJ010)
辽宁大学亚洲研究中心-韩国高等教育财团研究课题"基于互动机理的日本公司外部治理机制研究"(201105)
关键词
日本
安倍政权
量化宽松货币政策
效果
隐患
Japan
Abe Regime
quantitative monetary easing policy
effect
risk
