Messing with money

摘要

As Japan's economy gets sicker, so the calls for a radical approach to resuscitation get louder. A chorus of senior politicians, bureaucrats and economists has suggested that a dose of inflation might be just what the country needs. That Japan needs to do something to rev up its economy is not in doubt. On July 21st Masaru Hayami, the Bank of Japan's governor, suggested that its recent, gloomy economic reports had been too optimistic. Two days later, Moody's suggested it may lower Japan's top-notch credit rating. So might a spot of inflation help matters?