The combination of exploding debt and rising interest rates is a recipe for economic disaster. The BOJ’s widely respected governor, Masaaki Shirakawa, whose term expires in April, summarized the situation in his usual restrained way, saying that “long-term interest rates may spike and have a negative effect on the economy.”
债务爆发和利率上升的综合效应将是经济灾难。广受尊敬、将在4月届满卸任的日本银行行长白川方明以其惯有的克制语气总结了这一情况，说“长期利率可能暴增，对经济产生消极影响。”