If so, how do we reconcile this proposition with the idea that inflation is a monetary problem?
如果可以的话,那么怎么能够用通货膨胀是货币问题的想法去调整着个问题呢?
Mr Motani argues that deflation in Japan is not so much a monetary problem as a structural one linked to bad business decisions and demography.
Motani认为与其说日本的通货紧缩是一个货币问题的话,不如说是一个与错误的商业决策和人口统计学有关的结构性问题。
As a result, people assumed that the problem of monetary stability had been solved, and that they could pile up assets and then use them as collateral to borrow ever-larger sums.
由此,“货币稳定性问题已经解决”似乎成了一个可靠的前提,人们便以为尽可以把资产叠加起来,以之为质,大举借债,而且越借越多。
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