The debate about the effectiveness of unconventional monetary policy measures such as quantitative easing remains perennially inconclusive. Yet the experience of Japan suggests there is one clear negative outcome from ultra loose monetary policy: it does structural damage to the economy.
圍繞定量寬鬆等非常規貨幣政策的效果問題，人們長期以來爭論不下。然而，日本的經歷表明，超寬鬆貨幣政策會帶來一個明顯的負面後果：它會對經濟造成結構性破壞。
您已閱讀6%（363字），剩餘94%（6091字）包含更多重要資訊，訂閱以繼續探索完整內容，並享受更多專屬服務。