In Japan, where deflation has gripped the economy and interest rates have decreased to practically zero for years now, some reason along similar lines.They envisage defeating what Keynes, probably the most influential economist of the 20th century, called the liquidity trap; they contemplate the Bank of Japan resorting to inflation-creation via money printing -- by buying government bonds -- as a means of reviving consumption and thereby steering the economy out of its long stagnation.
In Japonia, unde deflatia a blocat economia si dobanzile au ajuns practic la zero pentru cativa ani deja, unii analisti gandesc in termeni similari. Ei au in vedere infrangerea a ceea ce Keynes, probabil cel mai influent economist al secolului 20, a numit liquidity trap (capcana lichiditatii); ei au in vedere mai precis tiparirea de bani de catre Banca Japoniei -- prin cumpararea de titluri de stat -- drept un mijloc de a sustine consumul si in consecinta de a accelera economia, aflata in stagnare de mult timp.