安倍政府正在错误的道路上越走越远,日本的经济困境不但不会因经济刺激而改变,反而可能提前引爆潜伏的慢性债务危机。日本经济颓势难因经济刺激而改变,日本推出货币宽松政策,是在错误的道路上越走越远,不但解决不了长期经济通缩,产业结构失衡以及竞争力下降的问题,还可能解决主权债务风险。而如果未来日本贸易形势继续出现恶化,主权债务危机爆发的临界点可能提前到来。根据日本内阁最新通过的2013财年预算草案,有一半的预算需要通过发债融资,总规模达到42.9万亿日元,这使得日本的国债依 Abe’s government is going farther and farther down the wrong path. Japan’s economic dilemma will not be changed only by economic stimulus. Rather, it may set off a latent chronic debt crisis in advance. Japan’s economic downturn is difficult to change due to economic stimulus. Japan introduced its monetary easing policy. It is moving farther and farther on the wrong path. It can not only solve the problem of long-term economic deflation, imbalance of industrial structure and competitiveness, but also solve the sovereign debt risk. And if the future of Japan’s trade situation continues to deteriorate, the critical point of the sovereign debt crisis may come ahead of schedule. According to the latest draft of the 2013 fiscal year budget passed by the Japanese cabinet, half of the budget needs to be financed through debt issuance, amounting to 42.9 trillion yen, making Japan’s government bonds