| Japan’s economy has been lost for 20 years,the Japanese government has adopted a number of economic reform. In recent years, Japan’s economic reform is mainly Koizumi’s economic reform and Abenomics reform, the reform has achieved some results, however, there is no fundamental solution to Japan’s economic problems. The characteristics of the two economic reforms are to have a certain effect in the short term, but the lack of stamina, and the reform of the economic structure is very limited. On Abe economic expansion in monetary policy introduced the immediate cause and root cause. Root cause is Japanese economy two major problems, namely deflation and economic growth stagnation, explain why Abe expansionary monetary policy cannot solve the two of Japan’s economic problems. On the expansion of the Abenomics monetary policy effect, mainly discusses the theoretical basis of expansionary monetary policy, and expansion of the Abenomics monetary policy effect is not obvious, namely IS curve deformation; the actual effects of expansionary monetary policy in the Abenomics, the policy not only failed to make foreign trade in Japan showed a rising trend, the opposite phenomenon showing a downward trend and the reason, elaborated the policy makes the RMB and the yen exchange rate fluctuations in the dollar exchange rate more than RMB and yen exchange rate volatility phenomenon, the policy is not conducive to the conclusion of monetary cooperation between regions; the expected effect of expansionary monetary policy in the Abenomics, this policy makes a lot of hot money inflows of international money market, easy Trigger a currency war. This paper emphasizes Abe economic expansion of monetary policy on China’s economic influence, this paper selects Japan’s exports to China, Japan’s currency issue, China’s GDP and the amount of direct investment from Japan to China and China’s inflation rate of the five indicators, establish the VAR model, that Abe’s economic expansion in the monetary policy in the short term will produce a shock of this conclusion on the Chinese economy. Finally, this paper compares the national conditions of China and Japan, and puts forward the enlightenment to our country in the expansion of Abenomics, which provides reasonable suggestions for the correct use of monetary policy in China. |
