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MEASURES OF JAPANESE ANTI-INFLATION IN 1970s & 1980s AND THE ENLIGHTENMENT TO CHINA
ABSTRACT
In the 1970s and 1980s, Japan experienced two inflations after rapid growth of economy. However, in the 21st century a worrisome inflation also appears in China after several years of rapid growth. The paper conclude the causes of inflation in Japan in 1970s and 1980s, mainly included the difference of industrial structure, the transformation of Japanese chain islands, oversized fiscal expenditure, the total demand inflation and so on, then analyze the three areas of fiscal policy, monetary policy, intervention measures of controlling inflations in Japan, then according to the causes of inflation in China over the past two years, combined with the Japan historical experience of controlling inflation, get six aspects of enlightments such as establishing a conservation-oriented society, adjusting the industrial structure, establishing and perfecting a market economy system, implement the price rule, attaching importance to supply financial policy¡
KEYWORDS£ºInflation causes£¬ Anti-inflation£¬ Enlightenment