在日前的达沃斯世界经济论坛年会上，一些国家的领导人、金融大亨纷纷指责安倍政府的金融货币政策，认为日本“将挑起货币战争”。日本的量化宽松政策真的能挑起世界货币战争吗？ 

In these days of davos world economic BBS annual meeting,Some of the country's leaders/Financial tycoon have accused Mr Abe's government financial monetary policy,Think Japan"Will make money war".Japan's quantitative easing policy really can make world currency war? 

　　中国有句古话，“治重病用猛药”。对于日本经济连续20多年的衰败来说，安倍2000亿美元规模的量化宽松政策远远不够“猛药”的程度。此前日本历任政府投入的8000亿美元资金已大多耗尽，既没达到挽救日本经济起死回生的效果，也未见到对世界金融带来巨大冲击，反而是日本经济对世界的影响日趋衰弱。受细小思维的局限，日本在经济政策上也十分拘束，往往采取一点点投入的办法。这种“添油战术”对日本经济尚且作用有限，又怎会将导致世界货币战争呢？

There's an old Chinese saying,"To intensive use fierce medicine".For the Japanese economy for twenty years of decline it,Mr Abe $200 billion the size of the quantitative easing policy is far from enough"Fierce medicine"degree.After Japan's former government investment of $800 billion has been mostly run out,Neither to save the Japanese economy back to life effect,Also not seen on the world financial enormous impact,It is the Japanese economy influence to the world is weak.By the limitations of small thinking,Japan on economic policy is at home,Often take a little bit of input method.this"Topping-up tactics"To the Japanese economy have a limited role,How will lead to world currency war??

　　反过来说，近年来，以美元大规模贬值为特征的国际金融货币市场的动荡主要是由美国的量化宽松政策造成。美国已经启动四轮量化宽松政策，至今没人知道美国这种大规模量化宽松政策何时结束，仅QE3、QE4的总规模就在1万亿美元以上，约是安倍内阁量化宽松政策的5倍。欧盟也没闲着，也在2011年底和2012年，分两次向市场注入超过1万亿欧元，试图摆脱债务危机，但并没有好的效果。

conversely,In recent years,With the dollar devaluation of large-scale features of the international financial turmoil in the currency markets is mainly composed of America's quantitative easing policy cause.The United States has start four-wheel quantitative easing policy,So far no one know the United States this large-scale quantitative easing policy and when it ends,QE3 only/The total size QE4 in more than $1 trillion,About was The Times cabinet quantitative easing policy 5 times.The European Union is not idle,Also in the end of 2011 and 2012,Two points to the markets with more than 1 trillion euros,Try to get rid of the debt crisis,But no good result.

　　因此，引发世界印钞大赛的是美国和欧盟，日本充其量只是一个跟进者。现在国际上之所以有一些人要将责任推卸给日本，是在掩盖他们自身导致国际金融货币市场动荡的责任，也可能是在为本国、或者本地区要进行更大规模地量化宽松寻找借口。这才是我们需要警惕和防范的，不要只把视野放在日本身上。

so,Cause the world print chao series is the United States and the European Union,Japan is at best a follow up person.In the world now is some people want to put the responsibility on to Japan,Is in the cover up their own lead to international financial money market turbulence responsibility,Also may be in for his country/Or the region to carry out more large-scale quantitative easing excuses.This is what we need to be vigilant and guard,Don't put the view on the Japanese body.

　　从另一个视角而言，量化宽松也没有那么可怕，它是在金融紧缩、经济发展乏力情况下的无奈之举。否则，经济陷入紧缩怪圈，企业无钱投资，消费者无钱购买，如何能够拉动消费，促进经济与福利的增长？我们不能因为他国搞量化宽松政策就臆测世界将爆发“货币战争”，应就事论事，认真思考日本金融举措对我们的冲击，而非听信惊人之语。

From another perspective in,Quantitative easing is not so terrible,It is in the financial crunch/Economic development under the condition of weak with trepidation.otherwise,The economy into a tight circle,Enterprise without money,Consumer does not have the money to buy,How can consumption,To promote economic growth and welfare?We can't because other countries make quantitative easing policy is conjecture world will break out"Currency war",Should be case by case,Think about the Japanese financial measures to our impact,Rather than listen to the language of amazing.

　　目前来看，日元大规模贬值可能冲击中国的对日出口，迟滞中国输日产品的进度，这对低附加价值的产品影响可能尤为明显。同时，日元贬值可能会促进日本某些产品在中国市场占有率的恢复和提升，加大在海外同中国产品竞争的力量，挤占中国的海外市场。以往中国产品多是依赖价格优势同日本产品竞争，未来10年内这一格局很难改变，现在日本开始用货币手段冲击中国产品的价格优势，很可能会带来一场新危机。货币战争太远太不切实际，我们应好好构思如何打好中日商品海外竞争力的大战。

So far,The yen large-scale devaluation might impact China's export to Japan,Hysteresis China lose, the progress of the products,The low value added products may influence is particularly obvious.At the same time,The weak yen may promote Japan some products in China market share and enhance the recovery,Increase in the overseas Chinese products with competitive strength,Occupy China's overseas markets.In the past more than product is dependent on the price advantage product competition with Japan,The next 10 years the situation it is difficult to change,Now, Japan began to use the monetary means impact China's product price advantage,Is likely to bring a new crisis.Currency war far too unrealistic,We should be a good idea how to play the goods overseas competitiveness of the war.