点评:在长达十几年的时间里,日本始终笼罩在泡沫经济崩溃后遗症的阴霾之下。因此,推行宽松货币政策已经成了日本稳定国内金融体系的必要手段。全球金融危机后,为保障流动性供给同时降低中长期市场利率预期,日本银行一直在坚持宽松货币政策。一方面,日本银行通过降低政策利率即无担保隔夜拆 Comment: For more than a decade, Japan has been shrouded in the gloom of the sequel to the collapse of the bubble economy. Therefore, the introduction of a loose monetary policy has become a necessary means for Japan to stabilize the domestic financial system. After the global financial crisis, the Bank of Japan has been insisting on loose monetary policy in order to guarantee liquidity supply while reducing medium-and-long term market interest rates. On the one hand, Bank of Japan unsecured overnight by lowering policy rates