A problem was that stimulus dollars were spent on unproductive projects with low returns, effectively crowding out the private sector -- and then Japan also eventually needed more taxes to pay for it.

• 一个问题是，刺激资金都用到了回报率低下的非生产项目中，实际上相当于排挤了私营部门，而日本最终又需要更多税收来偿还刺激资金。