In fact, since Abe’s first arrow took flight, Japan’s stock market has soared with it, recording an unprecedented 40% annual gain, while the yen has depreciated against the dollar by 20%, boosting Japanese firms’ export competitiveness. Moreover, credit growth has accelerated and asset prices have risen – trends that will encourage consumption by triggering the wealth effect (when people spend more because they feel richer).
事实上，自安倍射出第一支箭以来，日本股市应声大涨，录得前所未有的40%的年涨幅，同时日元对美元贬值20%，提振了日本企业的出口竞争力。此外，信用增长也有所加速，资产价格有所上涨——这些趋势可以通过触发财富效应（人们感觉变富了，因此花钱更多）鼓励消费。货币扩张还对劳动力市场产生了积极影响：失业率降至4%，岗位数/求职数接近相等。