Five years have passed since a mammoth earthquake and tsunami struck northeastern Japan. NHK WORLD is presenting a variety of programs, on radio and TV, showing how the disaster-hit areas are coping and recuperating. The coverage includes expressions of gratitude for international support of the victims.
Pump up the volume with either of two high-end wireless room speakers: Bose’s SoundLink Wireless Mobile Speaker or Jawbone’s Big Jambox.
Over the years, Japan has built up a wealth of water technologies
and expertise, such as the waterworks developed in the mid-seventeenth
century in Edo (now Tokyo).
Today, Japan shares its water know-how to protect and distribute
life's most precious resource around the world.
-Tokyo's World Class Waterworks
By LAWRENCE K. ALTMAN, M.D.
Former Vice President Dick Cheney is recuperating from heart surgery to implant the kind of mechanical pump now being given to people with severe heart failure.
Few people underwent a change of designation by the media as often as Miura. When his wife was shot, "Miura-san," in his role as the grieving husband who was also shot in his leg, tearfully spoke about the incident while recuperating in a hospital.
Helicopter money has been proposed as an alternative to Quantitative Easing (QE) when interest rates are close to zero and the economy remains weak or enters recession. Economists have used the term 'helicopter money' to refer to two very different policies. The first set of policies emphasises the 'permanent' monetisation of budget deficits. The second set of policies involves the central bank making direct transfers to the private sector financed with base money, without the direct involvement of fiscal authorities. This has also been called a citizens' dividend or a distribution of future seigniorage. The idea was made popular by the American economistMilton Friedman in 1969; starting from 2012, economists have also called this idea "quantitative easing for the people."
━━ n. 明示; 指名; 任命; 名称, 称号.
recuperate Show phonetics
verb [I] SLIGHTLY FORMAL
━━ v. （健康・元気など）回復させる［する］; （損害などを）取り戻す.
to become well again after an illness; to get back your strength, health, etc:
She spent a month in the country recuperating from/after the operation.
recuperation Show phonetics
noun [U] SLIGHTLY FORMAL
recuperative Show phonetics
helping you to become well again after illness:
The doctor reminded her of the recuperative power of a good night's sleep.
- To return to health or strength; recover.
- To recover from financial loss.
- To restore to health or strength.
- To regain.
[Latin recuperāre, recuperāt- : re-, re- + capere, to take.]recuperation re·cu'per·a'tion n.
recuperative re·cu'per·a'tive (-pə-rā'tĭv, -pər-ə-tĭv) or re·cu'per·a·to'ry (-pər-ə-tôr'ē, -tōr'ē) adj.
1 ((単数・複数扱い))水道；((単数扱い))浄水所, 給水所.
2 ((単数・複数扱い))((話))涙, 涙腺(るいせん)
turn on the waterworks
3 ((複数扱い))((略式))泌尿器.4 ((通例, 単数扱い))噴水.
Quantitative easing (QE) is a monetary policy used by some central banks to increase the supply of money by increasing the excess reserves of the banking system, generally through buying of the central government's own bonds to stabilize or raise their prices and thereby lower long-term interest rates. This policy is usually invoked when the normal methods to control the money supply have failed, i.e the bank interest rate, discount rate and/or interbank interest rate are either at, or close to, zero. It has been termed the electronic equivalent of simply printing legal tender.
A central bank implements quantitative easing by first crediting its own account with money it creates ex nihilo ("out of nothing"). It then purchases financial assets, including government bonds, agency debt, mortgage-backed securities and corporate bonds, from banks and other financial institutions in a process referred to as open market operations. The purchases, by way of account deposits, give banks the excess reserves required for them to create new money, and thus hopefully induce a stimulation of the economy, by the process of deposit multiplication from increased lending in the fractional reserve banking system.
Risks include the policy being more effective than intended, spurring hyperinflation, or the risk of not being effective enough, if banks opt simply to sit on the additional cash in order to increase their capital reserves in a climate of increasing defaults in their present loan portfolio.
"Quantitative" refers to the fact that a specific quantity of money is being created; "easing" refers to reducing the pressure on banks. However, another explanation is that the name comes from the Japanese-language expression for "stimulatory monetary policy", which uses the term "easing". Quantitative easing is sometimes colloquially described as "printing money" although in reality the money is simply shifted from member bank dollar deposits to financial instruments. Examples of economies where this policy has been used include Japan during the early 2000s, and the United States, the United Kingdom and the Eurozone during the global financial crisis of 2008–the present, since the programme is suitable for economies where the bank interest rate, discount rate and/or interbank interest rate are either at, or close to, zero.
刺激貸款在部分準備制下，銀行保持一定比例的存款準備金， 其餘的資金可作貸款之用。從量化寬鬆的過程中增加的存款，銀行可通過借貸，再創造出更多的貨幣供應，即存款倍數效應（deposit multiplication）。例如，假設存款準備金的要求是10%，量化寬鬆每創造$10,000，可產生的最終貨幣供應為$100,000。
- ^ 1.0 1.1 Q&A: Quantitative easing. BBC. 2009-03-09 [2009-03-06].
- ^ Guardian Business Glossary: Quantitative Easing. 衛報 [2009-01-19].
- ^ 任志剛. 觀點：量化寬鬆. 金融管理局 [2009-03-25].
- ^ 任志剛. 觀點：量化寬鬆貨幣政策的影響. 金融管理局 [2009-03-30].
- ^ Mark Spiegel. FRBSF: Economic Letter - Quantitative Easing by the Bank of Japan (11/02/2001). Federal Reserve Bank of San Francisco [2009-01-19].
- ^ The Unthinkable Has Happened
- ^ Policy Shift, Evoking Japan Comparison, Bloomberg.com, 2008-12-02
- ^ Bank pumps £75bn into economy, ft.com, 2009-03-05