インフレ目標と金融政策

概要

論文の詳細を見る
Recently, various monetary policies have been discussed among the economists in Japan. Many economists have suggested the Bank of Japan to set an inflation target and purchase government bonds without resale. But, it is questionable if this reflationary policy will be controllable. Analyzing present conditions of Japanese economy, it is doubtful whether this policy is the best and only choice or not. Japanese economy has faced another problem. It is the heavy burden of government sector. At the end of 2002, the total liability of general government sector reached 782 trillion yen and was 1.4 times as much as the GDP. According to the preliminary trial of the Japanese government balance sheet, the net assets at the end of 2000 fiscal year, was the deficit of 188 trillion yen and the government obligation to recognize the future pension payment corresponding to the past time as liabilities, reached 1,565 trillion yen. This amount exceeded the total financial assets of household sector. In the bond market, it is rumored a crisis of crash will be realized in near future. This policy may be adopted to resolve another problem. But, at the present time, the following policies should be proposed, as like as the increase of consumption tax to promote fiscal reform, and the deregulation to create new industries, new investments and new jobs.
名古屋経営短期大学の論文
2003-03-15