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.
圍繞定量寬松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，超寬松貨幣政策會帶來一個明顯的負面后果：它會對經濟造成結構性破壞。
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