不仅使用鲁莽的货币宽松政策为日本的衰亡奠定了基础；该国央行还将政策利率归零（甚至更低 ） ， 实施量化宽松政策和操纵长期利率以期复兴经济，却令问题变得更为复杂。
Not only did reckless monetary accommodation set the stage for Japan’s demise; the country’s central bank compounded the problem by taking policy rates to the zero bound (and even lower), embracing quantitative easing, and manipulating long-term interest rates in the hopes of reviving the economy.