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对日本经济而言,这是一次“不成功,便成仁”的冒险;而对黑田东彦本人而言,则是一次“成则为王、败则为寇”的豪赌。2013年4月4日,日本央行在黑田东彦行长上任伊始,出台了历史上最为激进的量化宽松政策。这一政策的核心内容包括:第一,为2%的通胀目标设定了两年的达成期限;第二,用基础货币量取代无担保隔夜拆借利率作为央行货币政策操作的主体目标,并将在两年时间内将基础货币余额扩大一倍;第三,日本央行集中购买的资产种类,将由日本国债扩展至ETF与日本
For Japan’s economy, this is an adventure in which “unsuccessfulness leads to benevolence.” For Kuroda himself, this is a gamble of “becoming a king or defeating a Kou.” On April 4, 2013, the Bank of Japan set forth the most radical quantitative easing policy in its history when Governor Kuroda took office. The core of this policy includes: first, setting a two-year deadline for the 2% inflation target; second, replacing the unsecured overnight call rate with the base currency to serve as the central objective of the central bank’s monetary policy operation; and In two years to double the base currency balance; Third, the central bank to buy the asset type, will be extended to the Japanese government bonds ETF and Japan