Japans Finanzpolitik bleibt für viele Beobachter ein Beispiel dafür, dass eine anhaltend expansive Fiskal- und Geldpolitik kein nachhaltiges Wachstum schafft, sondern vor allem die Schuldenquote nach oben treibt. Die Entwicklung in Japan wird auch oft als worst-case-Szenario für die Euro-Zone dargestellt, insbesondere was Deflationsrisiken und langfristige Zinsentwicklung angeht. Funktioniert der Vergleich?
Geldpolitik der Bank of Japan
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Geldpolitik der Bank of Japan
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