For Japan, I like a proposal by Koichi Hamada (a Yale economics professor who is an adviser to Prime Minister Shinzo Abe) and others: the planned jump in the consumption-tax rate should be replaced with a gradual pre-announced path of increases, with the rate rising, say, one percentage point per year for five years. Because a gradual path establishes long-run fiscal discipline, it would not crash the bond market, as an outright cancellation of the tax increase might.
对日本来说，我喜欢滨田宏一（耶鲁大学经济学教授，担任首相安倍晋三的顾问）和其他人一起提出的一项计划：应该以渐进式提前声明的方式来取代消费税率的跳跃式上升。也就是说，同样是上调税率，我们可以采取每年上调一个百分点，为期五年的方式。因为渐进式可以建立长期的财政纪律，它不会像立刻取消增税那样可能对债券市场造成冲击。同时还能避免在短期内出现对本已疲弱的经济带来损害的财政紧缩。事实上，对未来含税价格上涨的预期将刺激当前的家庭去购买汽车，家电和其他消费品。