Now that the Bank of Japan has fired a monetary bazooka at deflation, people are asking “what’s next” for Abenomics, our drive to revive Japan’s economy. The challenges are serious. Ours is the only country in the post-war era to suffer from deflationary stagnation. Since the bubble economy burst in the early 1990s, we have struggled through two “lost decades”. Deflationary expectations are entrenched, discouraging investment in the future and eating away at the economy. Wages, consumption and investment are sluggish.
既然日本央行(BoJ)已經利用貨幣“火箭筒”向通縮開火,人們想知道“安倍經濟學”(Abenomics)的“下一步舉措”是什么。安倍經濟學是我們為復興日本經濟而推出的舉措。挑戰是巨大的。日本是戰后唯一同時陷入通貨緊縮和經濟停滯的國家。自上世紀90年代初泡沫經濟破裂以來,我們艱難度過了兩個“失去的十年”。通縮預期根深蒂固,打壓了未來的投資積極性,同時也在侵蝕著經濟。工資、消費和投資全都萎靡不振。