In Japan, following the collapse of the bubbles, the government reduces the rate forwardly, then the economy fall into the state of low inflation rate and low interest rate. Being afraid of inflation, the Bank of Japan is reluctant to further relax the monetary policy leading to the economy reviving very crisp. Under the external impact, the economy fall into the deflation, and the rate policy loses its effectiveness.

日本則是在泡沫經(jīng)濟(jì)崩潰后，政府為了促進(jìn)經(jīng)濟(jì)增長插入下体视频，主動(dòng)降低利率人人干人人操A片，進(jìn)而使經(jīng)濟(jì)進(jìn)入了低通脹低利率狀態(tài)操操毛片，但由于日本央行害怕通貨膨脹国产性乱视频，不愿意進(jìn)一步放松貨幣政策久久久久久久国产精品电影，導(dǎo)致日本經(jīng)濟(jì)的復(fù)蘇非常脆弱，在外部經(jīng)濟(jì)的沖擊下免费看女性一级A片图片，經(jīng)濟(jì)進(jìn)入了通貨緊縮狀態(tài)无码黄片视频，利率政策失效。

As for the global economy, China's anti-inflation policy and continued refusal to adjust its exchange rate places the burden of trade imbalance adjustment squarely on the US.

在全球經(jīng)濟(jì)方面女人被男人操出水来视频免费网站观看，中國的反通脹政策以及繼續(xù)拒絕調(diào)整匯率做法把調(diào)節(jié)貿(mào)易失衡的責(zé)任直接放到美國身上95视。

As for the global economy, China's anti-inflation policy and continued refusal to adjust its exchange rate place the burden of trade-imbalance adjustment squarely on the US.

美國可能會(huì)為此付出經(jīng)濟(jì)衰退的慘痛代價(jià)。

cost-push inflation：成本推動(dòng)型通貨膨脹

convertible currency可兌換貨幣 | cost-push inflation成本推動(dòng)型通貨膨脹 | countercyclical policy逆周期政策

monetary policy：貨幣政策

一般來說.中央銀行或外匯管理局是政府制定當(dāng)前 [[財(cái)政政策]] (fiscal policy) 及 [[貨幣政策]] (monetary policy) 的重要基地. 然而.有些國家認(rèn)為獨(dú)立的中央銀行或財(cái)金政府機(jī)構(gòu)(如美國的聯(lián)邦儲(chǔ)備局)可有效控制通貨膨脹(inflation) .保持低 [[利率]] (interest rate) 的營商環(huán)境以及適度的經(jīng)濟(jì)增長.不論中央銀行制定政策是多

open market policy：公開市場(chǎng)政策

counter-inflation policy 反通貨膨脹對(duì)策 | open market policy 公開市場(chǎng)政策 | deficit-covering finance 赤字財(cái)政